(Source: Progressive Railroading, November 6, 2018)
BNSF Railway Co. reported third-quarter revenue rose 16 percent to $6.1 billion from $5.3 billion, while operating income increased 9 percent to $2.1 billion from $1.9 billion in the same quarter a year ago. The Class I’s net income in the quarter surged 34 percent to $1.4 billion from $1 billion in Q3 2017, according to BNSF’s Q3 performance summary. BNSF posted an operating ratio of 64.5 percent for the quarter, compared with 62.4 percent a year ago. Expenses during the quarter increased 20 percent to $4 billion from $3.4 billion in Q3 2017.
Full story: Progressive Railroading