Buffett says railroads getting safer but can't be perfect

May 2, 2015 9:33 PM

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The federal government's new standards for shipping crude oil by rail will have a significant impact on Berkshire Hathaway's BNSF railroad and its Union Tank Car business.

Berkshire CEO Warren Buffett says he hasn't studied the rules closely yet because they were announced last week — just before his annual shareholder meeting.

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