(BRK.A), (BRK.B)
BNSF Railways will benefit from track improvements aimed at speeding up Amtrak’s Southwest Chief service that runs daily from Chicago to Los Angeles.
A $16 million grant for track upgrades in Colfax County in northeastern New Mexico has been awarded by the U.S. Department of Transportation.
The funding is part of nearly $500 million in discretionary grant funding for road, transit, maritime and rail projects through the Transportation Investment Generating Economic Recovery (TIGER) program.
The Southwest Chief Route Stabilization Project will replace 60-year-old bolted rail, associated turnouts and crossings for a net gain of 42 miles of Class 4 rail in the La Junta subdivision between Hutchinson, Kansas, and Las Animas, Colorado.
© 2018 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.