(Source: Freight Waves, August 8, 2022)
BNSF’s second-quarter net profit rose 10% year over year amid higher freight revenue and despite lower rail volumes. Net income for the western U.S. railroad the second quarter of 2022 was $1.66 billion, compared with nearly $1.52 billion for the second quarter of 2021. BNSF is privately owned by Berkshire Hathaway. Overall revenue rose 14% to $6.64 billion, with freight revenue increasing by 15% to nearly $6.3 billion. Revenue per carload/unit grew nearly 22% to $2,542 year over year.
Full story: Freight Waves