Berkshire CEOs Spend Quietly, Match Buffett on Heinz Deal - Bloomberg:
"Bigger Railroad
BNSF plans to increase capital spending to a record $4.1 billion this year as the railroad prepares for rising oil shipments and expands terminals that can handle containers that move by rail, road and sea. That includes $2.3 billion on the rail network and about $1 billion on locomotive, freight car and equipment purchases.
“These are 20, 30, 40, 50-year assets,” BNSF CEO Matt Rose said in an interview at the meeting with Bloomberg Television’s Betty Liu, who asked about spending. “It’s just a long-term belief that the U.S. economy will continue to grow. Population will drive that. And we want to make sure that we have the physical plant to take advantage of it.”"
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