Progressive Railroading


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

All fields are required.

Rail News Home BNSF Railway


Rail News: BNSF Railway

BNSF posts higher revenue, expenses in Q3

BNSF Railway Co. reported third-quarter revenue rose 16 percent to $6.1 billion from $5.3 billion, while operating income increased 9 percent to $2.1 billion from $1.9 billion in the same quarter a year ago.

The Class I's net income in the quarter surged 34 percent to $1.4 billion from $1 billion in Q3 2017, according to BNSF's Q3 performance summary.

BNSF posted an operating ratio of 64.5 percent for the quarter, compared with 62.4 percent a year ago. Expenses during the quarter increased 20 percent to $4 billion from $3.4 billion in Q3 2017.

Average revenue per car/unit rose 11 percent during the quarter as a result of business mix changes, higher fuel surcharges driven primarily by higher fuel prices and increased rates per car/unit.

Also during Q3 2018 compared with last year:
• Consumer product volumes rose 1 percent due to higher intermodal volumes;
• Industrial products volume increased 13 percent primarily due to strength in the industrial and energy sectors;
• Agricultural products volume rose 16 percent due to strong export and domestic grain shipments, as well as higher fertilizer and other grain products; and
• Coal volume fell 5 percent, primarily due to plant retirements combined with competition from natural gas and renewables, partially offset by market share gains and improved export volumes.

Contact Progressive Railroading editorial staff.

More News from 11/6/2018