BNSF released their second-quarter earnings of 2018. The railroad saw increases across the board.
- Net Earnings: Increased by 37 percent to $1.3 billion from $958 million
- Revenue: Increased 12 percent from $5.25 billion to $5.87 billion
- Operating Income: Increased 6 percent to $1.88 billion from $1.77 billion
- Operating Ratio: Increased to 66.8 percent from 65.3 percent
Click here to view BNSF’s full earnings report.
Notes:
- Operating ratio is a railroad’s operating expenses expressed as a percentage of operating revenue, and is considered by economists to be the basic measure of carrier profitability. The lower the operating ratio, the more efficient the railroad.
- All comparisons are made to 2017’s second quarter financial results.
Related News
- Rash of Transit Funding Crises May Impact Members from Coast to Coast
- Tesla sparks safety showdown with nation’s rail workers
- Public Comment of SMART-TD Regarding Tesla’s Special Permit Request for Transporting Lithium Batteries by Rail
- Operation Lifesaver campaigns to promote rail safety in 11 states
- New TD Crew Room Flyers Available
- Colorado bill criminalizing transit assault one step closer to becoming law
- Honoring the Legacy of Brother John A. Saunders
- Colorado Transit Worker Safety Bill (House Bill 25-1290)
- Kansas funds passenger rail expansion
- Maryland Passes Monumental Transit Safety Bill