(Source: Progressive Railroading, May 10, 2012)
In the first quarter, BNSF Railway Co. generated total operating revenue of about $5 billion, up 10 percent compared with first-quarter 2011, according to a U.S. Securities & Exchange Commission-filed 10-Q form and a performance summary that are posted on the Class I’s web site.
In addition, net income climbed 15 percent to $789 million, operating income rose 15 percent to $1.3 billion, volume increased 3 percent to 2.3 million units and the operating ratio improved 1 point to 74.4.
On a year-over-year basis, consumer products revenue rose from $1.3 billion to $1.5 billion, coal revenue inched up from $1.21 billion to $1.24 billion (even though coal volume declined 4 percent in the quarter), industrial products revenue increased from $914 million to $1.1 billion and agricultural products revenue remained relatively flat at $953 million versus $949 million.
Full story: Progressive Railroading