(Source: Trains.com, August 7, 2023)
BNSF Railway’s second-quarter earnings slumped 24% as volume and average revenue per car both declined, the railroad’s corporate parent, Berkshire Hathaway, said on Saturday. BNSF’s operating income fell 24%, to $1.6 billion, as revenue declined 11.6%, to $5.7 billion. The railway’s operating ratio increased five points, to 68.2%. Overall volume was down 11.1% for the quarter, with all four of the railroad’s business segments reporting declines.
Full story: Trains.com