BNSF has reported record net earnings of $5.99 billion in 2021, up 16.1% from 2020. “Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation,” Warren E. Buffett, Chairman/CEO of parent company Berkshire Hathaway Inc. told shareholders in a Feb. 26 letter.
Railserve and Focused Technology Solutions (FTS) have developed the solar-powered Derail Light, 150 of which Railserve will install this quarter to improve derail device visibility in rail yards.
Despite a 7% decline in volume, BNSF’s profit margin increased by 2.9 percentage points in 2020, Warren Buffet, Chairman of the Board for parent company Berkshire Hathaway, told shareholders.
BNSF’s third-quarter operating revenues and pre-tax earnings fell 14.1% and 8.4%, respectively, due to the COVID-19 pandemic’s continuing impact.
BNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable quarter of 2013.
If recent reports published by Railway Age and others regarding BNSF’s clogged network have managed to discourage any shipper or industry-related investor, I have news that might brighten their outlook.
