(Source: Omaha World-Herald, August 6, 2016)
OMAHA, Neb. — Berkshire Hathaway Inc. said Friday second-quarter operating profit rose 18 percent, despite a big falloff at top subsidiary BNSF Railway. The Omaha-based conglomerate led by Chairman and Chief Executive Warren Buffett said operating income was $4.6 billion, or $2,803 a Class A share, from $3.9 billion, or $2,367 a Class A share, a year earlier. At BNSF — the company’s top earner in recent years — net income fell 20 percent, to $772 million, on a persistent slump in U.S. demand for freight hauling.
Full story: Omaha World-Herald