February 28, 2017 – Progressive Railroading Magazine –
BNSF Railway Co. reported fourth-quarter 2016 revenue, operating income and net income all declined compared with the same quarter in 2015.
In 2016, total revenue slipped 2 percent to $5.3 billion, operating income fell 8 percent to $1.8 billion and net income decreased 8 percent to $993 million compared with the previous year’s quarter, BNSF said in a financial performance statement.
For the full year, the Class I’s total revenue dipped 10 percent to $19.8 billion, operating income tumbled 13 percent to $6.7 billion, and net income plummeted 16 percent to $3.6 billion compared with 2015’s results.
BNSF attributed the decrease in earnings for the quarter and full year to “continued decline in demand, in particular in coal and crude oil businesses.”
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