(Source: Trains Magazine, November 7, 2022)
BNSF Railway’s profits declined in the third quarter due to a combination of lower volume and higher operating expenses. The railway’s operating income fell 7.1%, to $2.1 billion, on revenue of $6.5 billion, a 16.8% increase, BNSF’s parent company, Berkshire Hathaway, reported on Saturday. Revenue rose due to higher fuel surcharge revenue and an increase in average revenue per carload and intermodal unit.
Full story: Trains Magazine