BNSF first quarter revenues virtually flat
May 8th, 2021
May 3, 2021 - RailwayAge.com -
For first-quarter 2021, BNSF posted revenues of $5.401 billion, virtually flat with the year-earlier period, and volumes of 2.449 million, led by Consumer and Agricultural products, the railroad reported May 3.
The change in revenue—a 0.3% decrease from $5.417 billion in first-quarter 2020—“was primarily due to a 5% increase in unit volume offset by a 5% decrease in average revenue per unit,” according to the BNSF earnings announcement.
Average revenue per unit was down, the railroad noted, “as a result of business mix changes and lower fuel surcharge revenue, due to lower fuel prices.”
Operating income for the first three months of 2021 was $1.9 billion, up 4% from the 2020 period, and the operating ratio was 63.7% vs. 65.2% in 2020.
Read more: https://www.railwayage.com/freight/class-i/bnsf-releases-1q21-earnings/?utm_source=&utm_medium=email&utm_campaign=25087
For first-quarter 2021, BNSF posted revenues of $5.401 billion, virtually flat with the year-earlier period, and volumes of 2.449 million, led by Consumer and Agricultural products, the railroad reported May 3.
The change in revenue—a 0.3% decrease from $5.417 billion in first-quarter 2020—“was primarily due to a 5% increase in unit volume offset by a 5% decrease in average revenue per unit,” according to the BNSF earnings announcement.
Average revenue per unit was down, the railroad noted, “as a result of business mix changes and lower fuel surcharge revenue, due to lower fuel prices.”
Operating income for the first three months of 2021 was $1.9 billion, up 4% from the 2020 period, and the operating ratio was 63.7% vs. 65.2% in 2020.
Read more: https://www.railwayage.com/freight/class-i/bnsf-releases-1q21-earnings/?utm_source=&utm_medium=email&utm_campaign=25087