Buffett's BNSF railroad hikes capital plan 25% to $5B as it hauls more oil

|By:, SA News Editor

Berkshire Hathaway (BRK.A, BRK.B) says it plans to spend a record $5B at its BNSF railroad this year, a ~25% increase from the target set a year ago, to buy locomotives and maintain track.

Part of the 2014 investment will go toward handling more crude oil, which helped drive an 11% volume increase in industrial products volumes last year; intermodal shipments, which can move by a combination of rail, road and sea, rose 8%.

Earlier: Berkshire an underperformer so far this year.