In essence: Greg Abel's initial move as Berkshire Hathaway CEO was to put BNSF on notice. Steve Angel's first action as CSX CEO was to ensure shareholders would benefit from the upside. The rest is a matter of logistics and market dynamics.

When Greg Abel released his first shareholder letter as Berkshire Hathaway CEO on March 1st, the logistics industry press focused on a single metric: BNSF's operating ratio of 65.5%, which was 5.7 percentage points higher than Union Pacific (UP).

The post 'How Union Pacific's Performance is Pushing CSX and BNSF Together' originally appeared on The Loadstar.