(Source: Progressive Railroading, March 3, 2015)
BNSF Railway Co.’s revenue eclipsed the $6 billion mark in fourth-quarter 2014 primarily because of strong industrial products, agricultural products and coal business, according to a financial performance summary released by the Class I yesterday.
Revenue climbed 7 percent to nearly $6.2 billion in Q4, while operating income increased 5 percent to $2.1 billion, net income grew 2 percent to $1.2 billion and volume rose 2 percent to 2.65 million units compared with fourth-quarter 2013 figures. In addition, the railroad’s operating ratio improved 1.3 points to 65.3 even though operating expenses increased 6 percent to about $4.1 billion.
Full story: Progressive Railroading