(Source: Railway Age, February 27, 2023)
BNSF posted net earnings of $5.946 billion in 2022, virtually flat with 2021’s $5.990 billion, reflecting “higher revenue per car/unit, substantially offset by lower overall freight volumes and higher fuel and other operating costs,” reported parent company Berkshire Hathaway Inc. on Feb. 25. This follows 2021’s net earnings’ increase of 16.1% over 2020. Net earnings for fourth-quarter 2022 were $1.469 billion, down 13% from fourth-quarter 2021’s $1.685 billion. Total volume was 2.293 million cars/units for the fourth quarter, down 9% from the year-ago period, and 9.549 million cars/units for 2022, down 6% from 2021.
Full story: Railway Age