BNSF Reports Higher 1Q Income, Record Revenue
urlington Northern Santa Fe Corp. Thursday reported first-quarter net earnings of $321 million or 83 cents a share, up from $193 million or 52 cents a year earlier.
The earnings beat analysts’ expectations of 73 cents a share, Bloomberg reported. Burlington Northern is the parent of western railroad BNSF Railway Co.
First-quarter freight revenue rose by $451 million, or 18%, to $2.9 billion, an all-time record, the company said in a statement. In March revenue exceeded $1 billion for the first time in the railroad’s history.