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Rail News: Financials

Robust demand drives up BNSF's revenue and earnings


During the first quarter, BNSF Railway Co. reaped the financial benefits from strong traffic demand in all four of the railroad’s business groups. Freight revenue of $3.4 billion increased 16 percent, operating income of $792 million rose 25 percent, earnings per diluted share of $1.09 went up 31 percent and the Class I’s operating ratio of 76.5 improved 1.6 points compared with first-quarter 2005.

“Overall unit volume increased 5 percent in the first quarter compared with the same 2005 period,” said BNSF Chairman, President and Chief Executive Officer Matt Rose in a prepared statement. “This increase was led by intermodal unit growth of 6 percent, and coal carload and tonnage growth of 5 percent.”

Consumer products revenue increased 17 percent to $1.3 billion, industrial products revenue rose 19 percent to $772 million, coal revenue went up 14 percent to $680 million and agricultural products revenue increased 14 percent to $597 million. Fuel surcharges generated revenue of $350 million compared with $170 million in first-quarter 2005.

However, quarterly operating expenses of $2.7 billion increased 14 percent compared with first-quarter 2005 primarily because of rising fuel costs.

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More News from 4/25/2006