According to information in BNSF's 10Q quarterly filing at the Securities and Exchange Commission, the company paid a dividend of $250 million to Warren Buffett, its only stockholder. Some analysts immediately raised questions about the wisdom and size of the dividend payment.
Construction proceeds to give the largest U.S. regional railroad access to Grand Central Terminal, while a revitalized and upgraded Brooklyn hub goes into service.
Welcome to this year’s edition of the Railroad Financial Desk Book. Each year we try our best to take a look back and a look forward to see if we can discern what the tea leaves have in store for the rail equipment and leasing industries.
Bigger is indeed better for this transcontinental carrier, which is operating some of the longest freight trains in North America. A railroad's stock performance isn't its only measure of excellence, but it's a good one.