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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch 🐝🐝🐝 GOLD
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Number: of 21942 
Subject: Re: BNSF article
Date: 09/22/23 12:32 PM
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No mention of DG here for those not interested in BRK information.

For the true rhetor, I guess that counts as apophasis, possibly paralipsis, but not proslepsis?

More seriously, thanks for the rail link. It's a great read. Certainly both interlocutors know vastly more about rails than I will ever manage.

An interesting number in there, for those who like me are always trying to reconcile the bookkeeping with the reality in rails.
He mentions $3.96bn in capex for 2023, of which $2.85bn will have been maintenance capex.
Though I haven't looked it up, you can be sure that this period's depreciation on what they were maintaining will be very small compared to $2.85bn, so naive calculations of free cash flow are always off by a mile in rails.

The big projects to improve resilience in the face of weather "outliers" is very interesting. It's not something I thought about a lot for the railroad.
e.g., "Over the past few years, we have raised over 3,100 miles of track over 12' in areas prone to flooding."
12 feet is quite a bit!

Jim
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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