(Source: Freight Waves, May 4, 2020)
CHATTANOOGA, Tenn. — BNSF’s first-quarter net profit fell 5% amid a 6% decline in revenue, according to Berkshire Hathaway, BNSF’s parent company. BNSF’s net earnings for the first quarter of 2020 were $1.19 billion, compared with $1.25 billion in the first quarter of 2019, Berkshire Hathaway said on May 2. Meanwhile, operating income rose 2% to $1.82 billion, compared with $1.78 billion in the first quarter of 2019, BNSF said on May 4. The western U.S. railroad confirmed today the results laid out this weekend.
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