BNSF’s first-quarter 2022 net profit rose 10% despite a 3% decline in volumes, the company reported Monday.
First-quarter 2022 net income was $1.37 billion, compared with $1.25 billion in the first quarter of 2021. BNSF is a privately held company whose parent is Berkshire Hathaway (NYSE: BRK.B).
Total revenues grew 10% to nearly $5.97 billion amid a 14% gain in average revenue per unit, which in turn was supported by higher fuel surcharge revenue.
Volumes slipped 3%, with gains in industrial...
https://www.freightwaves.com/news/bnsfs-net-income-grew-10-in-q1-despite-volume-dip