Trains have some solid advantages over other forms of transportation: they’re fast and they’re much more environmentally friendly. But the current railway infrastructure in North America renders them nowhere near as efficient. In an attempt to remedy this, business magnate and philanthropist Warren Buffett invested a whopping $26 billion in the Burlington Northern Santa Fe Railroad.
And according to Buffet, while the move was profitable, there were other reasons for his decision to invest such a large sum of money.
“Railroads have major cost and environmental advantages over trucking, their main competitor,” he told the New York Times. “Our country gains because of reduced greenhouse emissions and a much smaller need for imported oil. When traffic travels by rail, society benefits.”