October 08, 2008

BNSF Q2 profit down by 8% YoY

Burlington Northern Santa Fe Corporation announced its April to June 2007 quarter result down by 8%YoY hurt by fuel expenses and reported a net income of USD 433 million down by 8%YoY as compared with USD 471 million in April to June 2006.

Highlights for the second quarter results
1. Freight revenues were USD 3.74 billion for the second quarter and were 4%YoY or USD 144 million higher compared with the second quarter of 2006.
2. Operating income was USD 841 million, compared to second quarter 2006 operating income of USD 864 million. The decrease in operating income reflects a USD 93 million increase in fuel expense principally resulting from a decline in fuel hedge benefit of USD 122 million.

Mr Matthew K Rose chairman, president & CEO of BNSF said that "We are optimistic about the long term outlook for the Company. We continue to work with our customers to enhance the value of our transportation services, while maintaining our focus on maximizing our return on invested capital."

Burlington Northern Santa Fe Corporation’s subsidiary BNSF Railway Company operates one of the largest North American rail networks, with about 32,000 route miles in 28 states and two Canadian provinces. BNSF Railway Company is among the world's top transporters of intermodal traffic, moves more grain than any other American railroad carries the components of many of the products we depend on daily, and hauls enough low-sulfur coal to generate about 10% of the electricity produced in the United States.