BNSF Reports Record 1Q Revenue, Earnings Per Share
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BNSF, which operates primarily in the western United States, is the No. 2 freight railroad by revenue, behind Union Pacific Corp.
urlington Northern Santa Fe Corp. late Monday reported first-quarter earnings of $410 million or a record $1.09 per share, up from $321 million or 83 cents a year ago.
The parent of BNSF Railway Co. reported its freight revenue rose 16% to a first-quarter record $3.37 billion.
The consumer products sector, which includes the rail line’s intermodal unit, saw a 17% increase in revenue to $1.3 billion, BNSF said.
