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Freight boom fuels shipping and oil prices

Dec 25, 2020 at 12:33 PM CST

In the U.S., BNSF Railway Co., the freight giant owned by Warren Buffett, is riding a boom that’s pushed the number of carloads and containers it hauls up year-on-year in recent weeks. A shift in consumer behavior, particularly in Western countries, has driven oil prices above $50 a barrel in the past few weeks.