(Source: Progressive Railroading, May 6, 2014)
Similar to most other Class Is, BNSF Railway Co.’s first-quarter financial performance was somewhat chilled by winter’s wrath.
Although total revenue rose 3 percent to $5.4 billion and volume ratcheted up 1 percent to 2.4 million units, operating income fell 7 percent to $1.4 billion, net income tumbled 9 percent to $724 million, operating expenses increased 7 percent to $4.1 billion and the operating ratio worsened 2.7 points to 74.4 compared with first-quarter 2013 figures, according to a Q1 performance summary posted on BNSF’s web site (PDF).
Full story: Progressive Railroading