Reported about 8 hours ago
BNSF Railway announced a rise in profits for the first quarter, attributed to growth in shipping volume and pricing improvements, according to its parent company Berkshire Hathaway. The pretax profit rose 5.5% to $1.6 billion, while net income increased by 6.2% to $1.2 billion. Despite challenges in some sectors, particularly industrial products and coal, overall revenue grew by 0.6%. Berkshire's CEO Warren Buffett commented that while profits have improved, there is potential for further growth as operational issues are resolved.
Source: YAHOO