BNSF’s saw fourth quarter revenue decline primarily due to a 6.6% drop in average revenue per carload. The post BNSF profits and revenue lag railway’s overall traffic growth appeared first on FreightWaves.

Railway was in the news for a very specific reason: the country’s largest freight railroad was acquired by Berkshire Hathaway for $26 billion. It was a big bet on the future of cargo transportation, and it’s one that seems to have paid off in the years that followed.

From 1965 to 2023, Berkshire Hathaway expanded its net earnings at a compound annual growth rate (CAGR) of 20% from $2 million to $96.2 billion. A $1,000 investment in the company on the day Buffett took the helm would be worth $2.48 million today. The same investment in the S&P 500 would only have grown to about $68,200.

Key Points ・Berkshire Hathaway reported a strong year but faced earnings declines in more than half of its subsidiaries. ・Buffett acknowledged past investment missteps but maintained confidence in long-term strategies.

Greg Abel, born in 1962 in Edmonton, Alberta, will succeed Warren Buffett as CEO of Berkshire Hathaway. He joined through its energy division and became Vice Chairman in 2018, with Buffett confirming him as his successor in 2021.

With a market cap of $1.1 trillion, Berkshire's other operations include a railway ... Hathaway Reinsurance Group, provide significant investment capital, while strategic acquisitions, such as ...

Berkshire Hathaway shares got a boost after Warren ... Class A shares of the Omaha-based parent of Geico and BNSF Railway jumped nearly 4% Monday following Berkshire's earnings report Saturday.