Warren Buffett has revealed the background behind his astronomical investment in Alphabet, the parent company of Google. He ...

Mr. Buffett's letter notes that the BNSF railroad's earnings fell 16% in 2016 to $3.6 billion but doesn't say why. BNSF is one of Berkshire's biggest units, and this drop had a notable impact on the ...

Abel said BNSF, which is a laggard in profit margins versus other big railroads, has a "lot of opportunities to get better." BNSF, he said, ranked fifth among the big six North American railroads in ...

(BAC), Warren Buffett largely preferred to let Berkshire's existing businesses compound over time. That changed after Buffett stepped down as CEO at the end of 2025 and handed the reins to his protégé ...

Plenty of Berkshire's shareholders are frustrated by BNSF. They've said so. The railroad business lags behind its five major North American peers in profitability. It's next to last, in fact. And that ...