(Source: Freight Waves, November 9, 2020)
CHATTANOOGA, Tenn. — Slumping revenues for coal and energy products put pressure on BNSF’s profits in the third quarter, according to parent company Berkshire Hathaway. Third-quarter operating revenue was $5 billion, down 14.1% compared with the third quarter of 2019, as rail volumes continued to be negatively impacted by the pandemic, Berkshire Hathaway said this weekend. Pretax earnings in the third quarter were $1.8 billion, down 8.4% from the same period a year ago.
Full story: Freight Waves