(BRK.A), (BRK.B)
BNSF Railway has been significantly impacted by the record flooding that has reduced or stopped service in portions of Iowa, Nebraska and Missouri.
BNSF teams remain focused on restoring service and states that several subdivisions, either partially or in full, remain out of service due to high water levels, flood-related damage to infrastructure or both.
Water levels have dropped in some locations, and we expect to have service restored on our Sioux City Subdivision, which runs between Sioux City, Iowa and Ashland, Nebraska, this past weekend.
With coordination through a 24-hour command center in Lincoln, Nebraska, BNSF is moving multiple belt trains full of ballast to washed out locations throughout the day and night.
Crews have made considerable progress with track repairs, including rail and tie replacement, in those locations where flood waters have receded.
Some locations in the area, however, will require more extensive repair work before restoration of service is possible.
Damage to the two rail bridges that cross over the Platte River near La Platte, Nebraska, was extensive.
© 2019 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.