Investors will also be watching to see if Berkshire's
lackluster railroad business, BNSF, can continue to improve its revenue growth after seeing a 3 % revenue gain in the first quarter.
Harrison also felt the company had lost focus on its
core railroading business, and quickly decided to move the company's headquarters from downtown Calgary to a rail yard in the city — a plan that had been talked about for years but one apparently stuck in limbo.
General Electric is looking to get out of
the railroad business after a hundred years, according to The Wall Street Journal's sources.
General Electric is looking for a way to leave
the railroad business, The Wall Street Journal reported Thursday.
The Wall Street Journal reported the company is looking for a way to leave
the railroad business, citing people familiar with the matter.
General Electric is considering ways to leave
the railroad business through a partnership, spin off or possible sale of the division, The Wall Street Journal says, citing sources.
General Electric is looking for a way to leave
the railroad business, The Wall Street Journal reported Thursday, citing people familiar with the matter.
«I would say that driverless trucks are a lot more of a threat than an opportunity,» not just to Berkshire's
railroad business, but also to its insurance business, Buffett said at the shareholder meeting.
That's certainly a respectable return, but it's lower than the 11.7 % return Berkshire got on its investments in
its railroad business, Burlington Northern Santa Fe (BNSF).
«They let others take customers away from them because they assumed themselves to be in
the railroad business rather than in the transportation business,» he writes.
They let others take customers away from them because they assumed themselves to be in
the railroad business rather than in the transportation business.
The railroad business now comprises 22 % of Berkshire earnings.
There's an old story about how late - 19th - century railroad barons made the fatal mistake of operating as if they were in
the railroad business, as opposed to the transportation business.
In the early 1900s the railroads thought they were in
the railroad business, so the transportation industry moved on without them.
There's a saying about the railroads: they thought they were in
the railroad business, when in fact they were in the transportation business.
However, not all is well in
the railroad business today.