(Source: Bloomberg, August 7, 2015)
FORT WORTH, Texas — Berkshire Hathaway said second-quarter profit missed analysts’ estimates because higher claims costs fueled an underwriting loss in the insurance segment. Fort Worth-based BNSF Railway contributed $963 million to quarterly earnings, compared with $916 million a year ago. Executive Chairman Matt Rose and CEO Carl Ice plan to spend a record $6 billion this year on upgrades to the network after service delays in 2014.
Full story: Fort Worth Star Telegram