Saturday, February 2, 2013

This Is An Amazing Story: Right Place, Right Time, Right Industry

A reader alerted me to the amazing Grand Forks Herald story:
About six years ago, R&R Contracting, a Grand Forks builder of railroad infrastructure, was looking for its next opportunity after the recent ethanol boom.
“When that thing started dying out, we said, ‘What’s next?’” said Mark Reimer with R&R.
The next big thing turned out to be pretty big. And it was two things.
As North Dakota’s two primary economic engines of energy and agriculture picked up steam, R&R found itself in the middle of a rail shipping boom for oil and agricultural products.
And as the twin booms have lifted North Dakota’s economy, they have helped make R&R the seventh-biggest railroad construction and design company in the country, a status they just learned about last year, to their pleasure.
Agriculture, crude oil, rail. Warren Buffett is smiling today.

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