BNSF posts Q2 revenue, earnings increases on higher volumes
August 8th, 2017
August 8, 2017 - ProgressiveRailroading.com -
BNSF Railway Co. reported revenue jumped 14.5 percent to $5.3 billion on higher volumes and increased average revenue per car during the second quarter compared with the same period a year ago.
BNSF's pretax net earnings rose 24 percent to $1.5 billion in Q2 2017 compared with the same period in 2016, according to the second-quarter earnings report of BNSF's parent company, Berkshire Hathaway Inc.
After tax net income for the second quarter was $958 million, compared with $772 million in the year-ago period.
For the first half of this year, BNSF's revenue increased 11.6 percent to $10.4 billion, while pre-tax earnings rose 15.5 percent to $2.9 billion compared with the same period a year ago.
Read more: http://www.progressiverailroading.com/bnsf_railway/news/BNSF-posts-Q2-revenue-earnings-increases-on-higher-volumes--52373?email=peter@texasrailadvocates.org&utm_medium=email&utm_source=prdailynews&utm_campaign=prdailynews8/8/2017
BNSF Railway Co. reported revenue jumped 14.5 percent to $5.3 billion on higher volumes and increased average revenue per car during the second quarter compared with the same period a year ago.
BNSF's pretax net earnings rose 24 percent to $1.5 billion in Q2 2017 compared with the same period in 2016, according to the second-quarter earnings report of BNSF's parent company, Berkshire Hathaway Inc.
After tax net income for the second quarter was $958 million, compared with $772 million in the year-ago period.
For the first half of this year, BNSF's revenue increased 11.6 percent to $10.4 billion, while pre-tax earnings rose 15.5 percent to $2.9 billion compared with the same period a year ago.
Read more: http://www.progressiverailroading.com/bnsf_railway/news/BNSF-posts-Q2-revenue-earnings-increases-on-higher-volumes--52373?email=peter@texasrailadvocates.org&utm_medium=email&utm_source=prdailynews&utm_campaign=prdailynews8/8/2017