Buffett’s BNSF sees Bakken-area rail tie-up until year-end

FORT WORTH, Texas (Bloomberg) -- BNSF Railway Co., the carrier owned by Warren Buffett’s Berkshire Hathaway Inc., will need the rest of 2014 to untangle train tie-ups in the corridor that serves North Dakota’s Bakken shale region. A system-wide traffic jam, caused by surging grain and crude-oil volumes coupled with harsh weather, is being resolved on the southern lines linking Chicago and Los Angeles, CEO Carl Ice said in an interview at the railroad’s headquarters in Fort Worth, Texas.