(Source: Trains.com, November 5, 2023)
BNSF Railway’s profits, revenue, and volume all declined in the third quarter, parent company Berkshire Hathaway reported on Saturday. BNSF’s pre-tax earnings fell 14.6%, to $1.6 billion, as revenue declined 12.4%, to $5.6 billion. The railway’s operating ratio increased 0.7 points to 68.4%. Overall volume declined 4.8% in the quarter, while average revenue per carload and intermodal unit fell 7.1% due to a combination of lower rates and lower fuel surcharge revenue.
Full story: Trains.com