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Burlington Northern Santa Fe Corp.’s board recently authorized an extension to a share repurchase program established in 1998.

The Class I will add 30 million shares to a total of 180 million shares authorized in equal amounts during the past 10 years. BNSF has repurchased more than 165 million shares since 1998, reducing outstanding shares by 25 percent.

Meanwhile, CSX Corp.’s board authorized the repurchase of outstanding common shares worth up to $2 billion.

Representing about 11 percent of the company’s total market capitalization, the stock will be acquired by year-end 2008. The buyback program replaces a $500 million program announced in July 2006 under which CSX purchased about $365 million worth of common shares.

"We believe that at current price levels, CSX shares are an attractive investment and that the strong transportation environment in 2007 will propel growth in earnings and free cash flow," said CSX Chairman, President and Chief Executive Officer Michael Ward in a prepared statement.