HUTCHINSON, Kan. — Burlington Northern Santa Fe posted solid numbers in the third quarter as it overcame some of the challenges presented by congestion in ports and the pandemic.
The nation's second largest railroad posted total revenue of $5.7 billion, an increase of 12% over last year. Net income totaled $1.5 billion which was an increase of 14% year-over-year.
Carloads increased by 5% which included a 19% increase in coal shipments due to high natural gas prices. Ag shipments dropped by a percentage point as exports fell.
The railroad will be watching fuel prices as those expenses jumped by 79% to $705 million. Higher fuel prices could take a major bite out of the fourth quarter for BNSF later this fiscal year.
BNSF operates about 10 trains per day through Reno County including Amtrak's Southwest Chief. It has the second highest valuation in Reno County at $11.2 million.
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