BNSF releases Q2 2019 financial results

(Source: Railway Track & Structures, August 6, 2019) 

NEW YORK — BNSF has announced Q2 2019 financial results in early August, which included the following highlights:
• 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; and
• Operating ratio for Q2 2019 was 64.8 percent, compared to 66.8 percent in Q2 2018.

Full story: Railway Track & Structures

Wednesday, August 7, 2019