Not many specifics on how the operating ratio will come down. It’ll be interesting to see Q1 results tomorrow morning. Union Pacific had a good quarter. The comparison is a fair one.
Thanks for including the Union diatribe. I wonder, if you have an idea why Berkshire transferred BNSF out of Nat’l Indemnity. Might the transfer give it a freer hand, if it decided to spin BNSF out to shareholders?
Fyi, interesting note by Adam Mead today on BNSF. Check it out...
fyi... https://x.com/SquawkCNBC/status/1786428305253544329
Not many specifics on how the operating ratio will come down. It’ll be interesting to see Q1 results tomorrow morning. Union Pacific had a good quarter. The comparison is a fair one.
Ravi,
Thanks for including the Union diatribe. I wonder, if you have an idea why Berkshire transferred BNSF out of Nat’l Indemnity. Might the transfer give it a freer hand, if it decided to spin BNSF out to shareholders?
I think it would definitely make it easier to spin off but it just seems so unlikely to happen.