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
- Montebello Transit Wins Longevity Pay, Wage Gains
- Representative Paul Evans Sells Out Oregon Railroaders
- PHOTO GALLERY: SEPTA Drivers Provide Bulletproof Barrier Feedback
- Strong Team Smooths Transition for New Local 406
- New Bills Pass Thanks to Teamwork and Communication
- SMART-TD Stands with FRA in Defense of Two-Person Crew Rule in Federal Appellate Court
- Coal trains roll as Michigan power plant gets a lifeline
- SMART-TD Calls for Legislative Action After Firearm Incident Involving Keolis Crew Member
- Who to call if you are injured or retaliated against for reporting a safety violation on the railroad
- In Loving Memory of Brother Darryl Redmon