OMAHA, Neb. (AP) _ Burlington Northern Santa Fe, the railroad owned by Warren Buffett’s Berkshire Hathaway Incorporated, plans to spend $3.9 billion on network upgrades this year as the economy improves.
The Fort Worth-based railroad says that its capital spending plan is $400 million bigger than its 2011 budget.
The nation’s major freight railroads, which include BNSF, together plan to spend about $13 billion this year, up from 2011’s $12 billion.