'A lot to be done' with improving BNSF Railway operations, says Berkshire's Greg Abel
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- Опубликовано: 3 май 2024
- Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers shareholder question about BNSF Railway performance issues. Watch the full coverage of Berkshire Hathaway annual shareholders meeting on www.cnbc.com/.
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I have a feeling during their "supply chain issues" they lost a lot of customers. It might help if they stopped restricting train speeds to 40 mph and stopped trying to run mega trains that derail. Their new attendance policy and how they treat emoyees also has probably had a huge effect on how sufficient and hard their employees work. Not to mention how they've again recently went on a furlough spree. Many probably won't go above and beyond for this company anymore. Management also has no idea how trains run and how to keep yards and lines from becoming congested. Every single management person should be required to ride along with crews for a month minimum to understand how the system works. Dispatch as well. But what do I know I'm just an engineers wife.
Why does he keep saying “will look” instead of “have looked”? That doesn’t signal good preparation for an AGM.
Buffett shows great insight, in the accumulation of the biggest holding company in memory, and then quite sensibly planning a transition that might stand the test of time. Time will tell if Greg, with his 2 lieutenants, can make a company for the ages. But more than a few people have commented that Buffet is keeping way more cash than needed (I get the Rock of Gibraltar thing; lender/ purchaser of last resort) and some people have commented that BH has gotten too big to deploy cash effectively; and should be distributed to shareholders. It wouldn’t stun me if BH under Greg either breaks up, or starts declaring dividends.
The way they treat their employees is abominable, they literally get worse every single day. I would know, I’m one of them.
Start by ending throttle and power restrictions and start moving freight again. Customers are not happy that their product is being moved at 30mph when it should be 55mph or 70mph. You're charging them a fuel surge charge but intentionally not running the trains at track speed. It's the reason BNSF lost Schneider, Swift and UPS.
Come on out and see... The management is horrible.. They couldn't run a train around a Christmas tree. 31 years, and it's only gotten worse. Just my opinion. But I live it every day
Hedge funds have ruined the Class 1’s
Basically, woops we should have implemented psr
More furloughs are coming, and they should start at the top, not the bottom. Maybe they should watch the movie office space and get an idea of what to do. 😮😂😂😂
Can't buy BNSF stock, it is private. BOOOOOO!
Bnfs is worse 👎👎