(Source: The Motley Fool, April 28, 2016)
NEW YORK — Of particular importance are Berkshire’s railroad operations. In 2009, Berkshire invested more than $26 billion to purchase Burlington Northern Santa Fe. Since then, Berkshire has invested billions to expand and improve BNSF’s rail network. Yet with many U.S. railroad operators struggling with declining demand for their freight-hauling services over the past year, some investors question whether this is a wise use of Berkshire’s capital.
Full story: The Motley Fool