(BRK.A), (BRK.B)
At the Midwest Association of Rail Shippers winter meeting on January 14, 2026, BNSF CEO Katie Farmer signaled a steady approach to capital investment for the year ahead. She indicated that BNSF’s 2026 capital spending is expected to be in line with 2025 levels, which totaled approximately $3.8 billion.
The investment will focus on maintaining the railroad’s infrastructure while continuing to enhance safety and improve the customer experience. Farmer’s comments underscore BNSF’s commitment to long-term reliability and service quality, even as the broader transportation and economic environment evolves.
© 2026 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.