(Source: Trains.com, November 4, 2024)
BNSF Railway’s profits, revenue, and volume all increased for the third quarter, thanks to surging intermodal and agricultural shipments. BNSF’s parent, Berkshire Hathaway, reported on Saturday that the railroad’s quarterly operating income increased 13.4%, to $2 billion, as revenue grew 2.8%, to $5.9 billion. Expenses declined 2% for the quarter. The railway’s operating ratio was 65%, a 3.4-point improvement compared to a year ago, according to Berkshire Hathaway data.
Full story: Trains.com