Oh boy, as to BNSF and PSR...a lot of stuff going on in the railroad business these days and my view is polar opposite of the suggestion above. Watch closely, rail stocks like NSC are down more than 1/3rd needing 50% upside to get back to the manipulated prices of recent times.

Berkshire BNSF capital allocation has been excellent and decsions excellent too in comparison to the US rails. I have owned NSC since 1976 and UNP-CSX and CNI-CP for some three decades.

Norfolk has reopened the yard here in Linwood NC, fully staffed again from the complete closure (you know, the operating ratio obsession) of a couple years ago. And all that stock bought back 100 points above the current price using debt?

Let's stick with BNSF. UNP has shot itself in the foot in about 20 different ways that will be felt for years. They have recruited some skilled assistance so hopefully they'll get back on track.