Date set for East Coast rail handover

The government will take over control of National Express’s lossmaking East Coast franchise a week on Friday, the company announced, ending uncertainty over the route’s future

• National Express under attack
• Independence uncertain for National Express

Go-Ahead steps into US school bus market

The bus and rail operator has formed a joint venture to win yellow school bus contracts in North America, marking its first significant foray outside the UK

John Gapper: Safe signals from Buffett’s train deal

Buying a railroad is a sound way to gain cash dividends, and broad exposure to companies that need coal and freight, but not to invest in innovation, writes John Gapper

TfL seeks review on PPF levy

Transport for London, the mass transit operator, will seek the first judicial review of a premium levied by the Pension Protection Fund, with the outcome set to be watched by other employers

Buffett’s dealmaking instinct still on track

The Sage of Omaha’s investment vehicle still has $20bn in its ‘piggy bank’ after its acquisition of Burlington Northern Santa Fe railroad

Buffett bets $27bn on US

Warren Buffett struck the biggest deal of his life with the $26bn purchase of Burlington Northern Santa Fe in what the billionaire investor called an “all-in wager” on America’s economic future

Stagecoach passenger fall slows

Stagecoach, the bus and train company stalking rival National Express, has confirmed that the recession-hit industry is stabilising, as the decline in passenger numbers slows

Omaha’s sage makes ‘all-in’ bet on BNSF

Size aside, Berkshire Hathaway’s proposed acquisition of Burlington Northern Santa Fe railroad is about as typical a Warren Buffett deal as they come, writes John Gapper