What's New

March 19, 2008
Berkshire Hathaway Completes Acquisition of 60% of Marmon Holdings, Inc.
OMAHA, NE and CHICAGO, IL – March 18, 2008 – Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) and Marmon Holdings, Inc. announced that Berkshire has successfully completed its acquisition of 60% of Marmon for $4.5 billion. As previously reported, the remaining 40% of Marmon that is currently owned by trusts for the benefit of members of the Pritzker Family of Chicago will be acquired through staged acquisitions over a five to six year period for consideration to be based on the future earnings of Marmon. Read more...

November 5, 2007
Mileage Equalization Charges
CN and CPR each have a Tariff 6544-D governing mileage equalization and distance allowance on their respective lines. Changes to these tariffs include:

CN Rail

1. Supplement #7, stated empty movements of privately-owned tank and covered hopper cars that were not immediately preceded by a linehaul movement via CN will be excluded from mileage equalization calculations and fees. A Bill of Lading will be required and the party providing instructions (shipper, owner or lessee) will be responsible. The movement will be charged under the applicable commercial tariff (i.e. CN 890000). An updated Supplement #8, issued November 5, 2007 states the empty-to-empty movement charge will be postponed until January 1, 2008.
    
2. Effective January 1, 2008, the mileage equalization fee for all private rail cars will increase from $1.00 to $1.05 Canadian funds per empty mile and the excess, empty allowance percentage will decrease from 5% to 4%.

Canadian Pacific Rail

As reported in the summer issue of On track!, CPR excluded empty car movements from equalization when they are not immediately preceded or followed by a revenue move within 60 days on CPR lines. For applicable moves, CPR’s 2007 mileage equalization rate per empty mile is $0.93 Canadian funds and the 2007 excess, empty allowance is 5%. CP’s 2008 rates will be provided in our On track! newsletter when available.

September 10, 2007
New On-Site Location In Alberta’s Industrial Heartland
Procor’s on-site repair network continues to grow. Our newest location is Beamer, located in the Alberta Industrial Heartland, northeast of Edmonton. The booming Heartland includes chemical, fertilizer, and oil and gas production facilities, and will soon include a large concentration of oil sands upgraders.

The Procor Beamer on-site repair team will be based at Provident’s natural gas liquids fractionation and storage facility, and will serve other customers in the surrounding area. Our On-Site Supervisor, Gene Slobodian, previously worked at our Redwater on-site location and is ideally suited for the position with his knowledge and experience.

Procor’s on-site repair services create customer value by maximizing cars available for revenue-generating moves, avoiding railway transportation charges and simplifying administration.