Warren Buffett：Berkshire Hathaway 2010 Letter, Additional Excerpt 2

Earlier I explained just how important railroads are to our country’s future. Rail moves 42% of America’s inter-city freight, measured by ton-miles, and BNSF moves more than any other railroad – about 28% of the industry total. A little math will tell you that more than 11% of all inter-city ton-miles of freight in the U.S. is transported by BNSF. Given the shift of population to the West, our share may well inch higher.

Source： https://www.berkshirehathaway.com/letters/2010ltr.pdf
Locator：2010 Chairman's Letter, additional excerpt 2 · Verified：2026-10-19 · Verification：Short excerpt

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