Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home BNSF Railway

4/28/2005



Rail News: BNSF Railway

BNSF sets quarterly revenue, income and earnings records


advertisement


After registering three years’ worth of revenue growth last year, BNSF Railway Co. is on pace to record similar results in 2005. Today, the Class I reported record first-quarter revenue of $2.9 billion, an 18 percent increase compared with first-quarter 2004.

Consumer products revenue rose 22 percent; agricultural products revenue, 20 percent; and industrial products and coal revenue, 15 percent each.

BNSF also set quarterly records for earnings per diluted share at 83 cents and operating income at $634 million, which rose 60 percent and 55 percent, respectively, compared with the same 2004 period. The railroad’s quarterly operating ratio of 78.1 improved 5.2 points.

The lone negative: Quarterly operating expenses of $2.35 billion increased 13 percent compared with first-quarter 2004 because fuel prices rose 31 percent after factoring in hedged fuel and gross ton-miles went up 9 percent.

“For the fifth consecutive quarter, BNSF experienced double-digit freight revenue growth compared with the same periods in the prior year,” said BNSF Chairman, President and Chief Executive Officer Matthew Rose in a prepared statement.


Contact Progressive Railroading editorial staff.

More News from 4/28/2005