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Release Date 4/6/2007

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	Berkshire Buys BNSF Shares

	Berkshire Hathaway, the investment firm controlled by Warren Buffett, recently added a substantial investment in the BNSF railroad. Last Friday, Berkshire bought more than 1.6 million shares to increase its total to 39 million shares or a 10.9 percent interest in Burlington Northern Santa Fe Corp., the firm stated in a filing with the SEC on April 6. Berkshires total holding is valued at approximately $3.23 billion. According to a report on CNBC, Berkshire also acquired shares of two other railroads. The names of the other railroads were not disclosed but the investment is said to be $700 million in one and slightly less in the other. Earlier, BNSF announced it will record a charge of approximately $80 million in the first quarter of 2007 to reflect an increase in environmental costs and the replacement of a technology system. The notice of extra costs did not seem to have an impact on stock prices, especially with the confidence attached to Buffet's investment. BNSF closed at $82.72 last Thursday, the last trading day of the week before Easter holiday. The price was up $6.24 to $88.96 on Monday, April 9 an hour after the market opened. BNSF Logistics, the third-party arm of the BNSF Railroad, is a NASSTRAC member.