BNSF Reports Record Second-Quarter Earnings, Revenue
Click here to write a Letter to the Editor.
Consumer products, which include intermodal rail shipments, rose 19% to $201 million for the quarter as a result of double-digit volume increases in international, truckload, automotive and perishable sectors, BNSF said.
urlington Northern Santa Fe Corp. Tuesday reported second-quarter net earnings of $366 million or 96 cents a share, up from $249 million or 67 cents a year earlier.
The per-share earnings were a record, as were the railroad’s second-quarter freight revenue of $3.04 billion, up from $2.64 billion a year earlier, the company said in a statement.
Burlington Northern is the parent of western railroad BNSF Railway Co.
BNSF said Thursday it would boosts its next quarterly dividend by 18%, or 3 cents, to 20 cents a share on outstanding common stock, payable Oct. 3 to shareholders of record as of Sept. 12.
