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BNSF quarterly profit up 24pc to US$958 million as revenue rises 15pc
THE Fort Worth-based Burlington Northern Santa Fe (BNSF) railway's second quarter net profit increased 24 per cent year on year to US$958 million, drawn on revenues of $5.25 billion, which rose 15 per cent
Freight revenue came in at $5 billion for the quarter, up 15 per cent year on year.
Coal revenue increased 39 per cent to $912 million while consumer goods were up eight per cent to $1.74 billion, industrial products increased seven per cent to $1.27 billion and agricultural produce went up 18 per cent to $1.07 billion.
BNSF's planned capital commitments for the full year of 2017 stand at $3.4 billion, compared with $3.9 billion for 2016.
The Berkshire Hathaway-owned BNSF statement accompanying the results said: "BNSF will spend $400 million on expansion projects, $200 million for continued implementation of positive train control and $400 million on locomotives, freight cars and other equipment acquisitions."
Freight revenue came in at $5 billion for the quarter, up 15 per cent year on year.
Coal revenue increased 39 per cent to $912 million while consumer goods were up eight per cent to $1.74 billion, industrial products increased seven per cent to $1.27 billion and agricultural produce went up 18 per cent to $1.07 billion.
BNSF's planned capital commitments for the full year of 2017 stand at $3.4 billion, compared with $3.9 billion for 2016.
The Berkshire Hathaway-owned BNSF statement accompanying the results said: "BNSF will spend $400 million on expansion projects, $200 million for continued implementation of positive train control and $400 million on locomotives, freight cars and other equipment acquisitions."
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