BNSF aims to sustain its profit streak as rivals grow wary

(Source: Bloomberg, August 1, 2019) 

NEW YORK — Warren Buffett’s purchase of BNSF Railway Co. was an “all-in” wager on the U.S. economy that has reaped rewards for his Berkshire Hathaway Inc. Now, it’s the economy that is tempering expectations for the business. Slowing growth, trade battles and chatter from rivals about a “puzzling” economic backdrop are spurring questions about the rail industry. Berkshire’s second-quarter results expected on Saturday will reveal if Buffett’s BNSF extended a four-quarter streak of profit topping $1.2 billion, a level it had never reached before last year.

Full story: Bloomberg

Friday, August 2, 2019