Warren Buffett’s Berkshire Hathaway Inc. plans $5 billion in capital investment at BNSF Railway Co. this year, positioning the carrier to extend a lead in spending over its biggest rival.
The budget marks an increase of about 25 percent from the target set a year earlier, Fort Worth, Texas-based BNSF said yesterday in a statement. BNSF’s program includes $2.3 billion for its rail network and $1.6 billion for equipment, including locomotives and railcars.
