Growing Forth Worth logistics hub among BNSF’s capital spending plans for 2019

BNSF, a unit of Berkshire Hathaway (NYSE: BRK.A), plans to add rail capacity at its Alliance Intermodal Facility as distribution and warehousing space in the Fort Worth market is anticipated to grow substantially. As part of its previously announced capital spending plans, the largest U.S. railroad said it plans to spend $405 million in Texas this year, compared to $375 million spent in 2018. BNSF said over half of the 2019 funds will go to increasing capacity and train speeds in the state.