(Source: Progressive Railroading, August 4, 2014)
Like the other Class Is, BNSF Railway Co. registered strong second-quarter financial results after distancing itself from the harsh winter. But BNSF’s results were again impacted by severe weather, albeit more slightly, predominantly because of flooding in portions of Minnesota, North Dakota, Washington and other states during the quarter.
Revenue in Q2 totaled $5.73 billion, up 8 percent compared with second-quarter 2013. Volume rose 5 percent to 2.57 million units, operating income climbed 7 percent to $1.7 billion, net income ratcheted up 4 percent to $916 million and BNSF’s operating ratio was relatively flat, clocking in at 70.1 versus 69.8 in the year-ago period. Traffic increased in the quarter despite weather-related service challenges “that muted additional volume growth,” BNSF officials said in a Q2 financial performance summary (PDF).
Full story: Progressive Railroading