Berkshire Hathaway

Buffet to Berkshire Shareholders: ‘You Can Be Proud of Your Railroad’

BNSF has reported record net earnings of $5.99 billion in 2021, up 16.1% from 2020. “Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation,” Warren E. Buffett, Chairman/CEO of parent company Berkshire Hathaway Inc. told shareholders in a Feb. 26 letter.

Railserve, FTS Partner on Derail Light

Railserve and Focused Technology Solutions (FTS) have developed the solar-powered Derail Light, 150 of which Railserve will install this quarter to improve derail device visibility in rail yards.

Good 2Q for BNSF

BNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable quarter of 2013.

BEK 9388

BNSF’s best days are just ahead

If recent reports published by Railway Age and others regarding BNSF’s clogged network have managed to discourage any shipper or industry-related investor, I have news that might brighten their outlook.

BNSF: Ice rises; Rose blooms

The announcement of a leadership transition at BNSF Railway was not unexpected: Effective Jan. 1, 2014, Carl Ice, President since 2010, will add the title of Chief Executive Officer. Matt Rose will become Executive Chairman, where he will be the railroad’s chief decision-maker, but without daily operational responsibilities.