BNSF releases Q2 2019 financial results
Written by David C. Lester, Editor-in-Chief
BNSF Railway
BNSF has announced Q2 2019 financial results —
- Total revenues were $5.89 billion, compared to Q2 2018 revenues of $5.88 billion, essentially flat;
- Operating expenses dropped to $3.89 billion from $4 billion in Q2 2018, a reduction of 3 percent;
- Operating income grew to $2.01 billion in Q2 2019 from $1.84 billion in Q2 2018, an increase of 7 percent;
- Net income for Q2 2019 was $1.34 billion, compared to $1.31 billion in Q2 2018, a gain of 2 percent;
- Operating ratio for Q2 2019 was 64.8 percent, compared to 66.8 percent in Q2 2018.
BNSF said that the primary drivers of the revenue and income increases were increased revenue per car/unit.
Other Q2 2019 highlights:
- Consumer products volumes decreased 6 percent;
- Industrial products volumes were flat;
- Agricultural products volumes decreased 4 percent;
- Coal volumes increased 1 percent.
Source: BNSF. For more information, go to bnsf.com
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