BNSF’s Third-Quarter Earnings Rise 8%
BNSF Railway, the carrier owned by investor Warren Buffett’s Berkshire Hathaway Inc., posted 8% higher third-quarter net income of $1.11 billion, from $1.03 billion a year ago, according to a regulatory filing.
Revenue increased to $5.53 billion from $5.24 billion, and profit before taxes and interest climbed to $1.74 billion from $1.65 billion.
BNSF, based in Fort Worth, Texas, credited the results to continued growth in domestic intermodal and shipments of petroleum by rail.
Net income rose to $3.04 billion in the first nine months of 2013, and revenue rose to $15.91 billion from $15.16 billion.
