(Source: Progressive Railroading, May 5, 2015)
Despite a significant drop in consumer products traffic due to heavy congestion at West Coast ports, BNSF Railway Co. ramped up income and ratcheted up revenue in the first quarter.
The Class I’s net income soared 44 percent to $1 billion, operating income leaped 38 percent to $1.9 billion and total revenue rose 3 percent to $5.6 billion compared with first-quarter 2014 results, according to a financial performance summary posted on BNSF’s website. In addition, volume increased 1 percent to 2.47 million units and the railroad’s operating ratio improved a whopping 9.9 points to 65.5.
Full story: Progressive Railroading