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Yesterday, Burlington Northern Santa Fe Corp. announced its board authorized extending a share repurchase program that began eight years ago. The railroad will add 30 million shares to the 150 million shares previously authorized to purchase in equal amounts in 1997, 1999, 2000 and 2003.

So far, BNSF has repurchased more than 147 million shares. As of Oct. 17, the railroad’s outstanding common shares totaled 373 million.