(Source: Freight Waves, November 4, 2019)
CHATTANOOGA, Tenn. — Despite lower revenues, western U.S. railroad BNSF posted a net profit in the third quarter amid lower operating costs, BNSF said in a financial report Nov. 4. BNSF had a net profit of $1.47 billion, a 5.2% increase from net earnings of $1.39 billion in the third quarter of 2018. BNSF’s operating ratio fell to 62.6%, compared with 64.5% in the third quarter of 2018. A lower operating ratio can imply increased profitability.
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