BNSF’s $4bn Barstow hub bet – transformative or a costly moat?

Key takeaway: The Berkshire Hathaway railroad has recently won local approval for the largest intermodal facility in North America. But questions about the transload model, ballooning costs, and the UP-NS merger shadow deserve sharper scrutiny. When BNSF first unveiled its Barstow International Gateway (BIG) on 1 October 2022, the price tag was $1.5 billion and the pitch was straightforward: move Read full article →