BNSF's operating ratio was 63 . The railroad's operating income grew 12%, to $2.6 billion, as revenue increased 12%, to $5.5 billion, BNSF's parent company, Berkshire Hathaway, reported on Saturday morning. . BNSF Railway Co. logged $1.7 billion in net income in fourth-quarter 2021, a 13% increase from 2020's bottom line, the Class I announced yesterday. 1 minute read. . Total revenue for the quarter decreased 0.3 . First-quarter 2022 net income was $1.37 billion, compared with $1.25 billion in the first quarter of 2021. The Class I posted an operating. BNSF's consumer products reported operating revenues of $1.9 billion, a 7% . For 2021, CAPEX is set at $2.99 billion. The operating revenue generated by BNSF Railway presented a trend of overall growth with some oscillation from the fiscal year of 2013 through the fiscal year of 2021. . Nonetheless, BNSF's operating ratio improved to 61.1% in the second quarter, compared with 64.8% in the second quarter of 2019. Operating income for the 12 months increased 9 percent to $6.9 billion. 66 . One of the key indicators is the railway's operating ratio, which improved to a record high 60.9%. The Class I posted an operating ratio of 63.7% in the quarter compared to 65.2% in Q1 2020, according to a financial report on bnsf.com. Lower fuel prices positively impacted the operating ratio by 90 basis points. Net income was $1.7 billion for the company in the fourth quarter of 2021, compared with net income of $1.5 billion in the fourth quarter of 2020. A higher operating ratio can deliver better service and improved profits. Jean-Jacques Ruest, CEO, Q2 2021 earnings conference call C$ Q2 2018 Q2 2021 Change Operating income 1,519m 1,382m-9% EPS 1.51 1.49-1% Free cash flow 820m 741m-11% Operating ratio 58.2 61.6340bps Mr. Ruest was appointed CEO in July 2018, after having served as Interim CEO since March 2018 Canadian National BNSF First-Quarter Earnings Author: Interlocker. Union Pacific cuts 2021 volume, operating ratio growth forecast. . BNSF's operating ratio, defined as the ratio of operating expenses to revenue, was 62.8% in the fourth quarter of 2019, compared with 65.6% in the same period of 2018. Operating Ratio. One of the key indicators is the railway's operating ratio, which improved to a record high 60.9%. BNSF's train crew employment levels have historically risen and fallen with volume. It had expected a volume growth of about 7% . BNSF volume was up 6.9% for 2021: Coal shipments up 8.9% Consumer products up 7.7% Top Railroad Stock #3: Norfolk Southern (NSC) 5-year expected annual returns: 5.2%. . BNSF retains earnings for capital improvements such as new bridges, double tracking, rail cars, replacing rails and ties, etc. 1 min read. But as a result of its operational changes, BNSF in the first quarter this year was able to handle a 7% increase in traffic with 11% fewer engineers and conductors on the payroll than a year ago. In 2021, Canadian Pacific . The operating expenses of BNSF Railway fluctuated considerably from the fiscal year of 2013 to the fiscal year of 2021. Operating Income: Increased 28 % to $ 2. 29-30 [ Reply To This Message ] [ Share Thread on Facebook ] [ Start a New Thread ] [ Back to Thread List ] Page created in 0 . Total revenue for the quarter rose 11% to $6.3. Union Pacific's 57.2% operating ratio improved 130 basis points. (Railway Age reported on the investment breakdown Jan. The Class I posted an operating ratio of 63.7% in the quarter compared to 65.2% in Q1 2020, according to a financial report on bnsf.com. (Photo: Jim Allen/FreightWaves) BNSF's first-quarter 2022 net profit rose 10% despite a 3% decline in volumes, the company reported Monday. Total revenue generated by CSX Transportation 2013-2021; Operating ratio - CSX Corporation 2013-2021; Norfolk Southern Railway´s operating ratio 2013-2021; Rail equipment - Union Pacific Railroad . $2,110. BNSF 2021 capital budget was $2.99 billion. BNSF's operating income rose 13.7% with revenues up 11.6% in 2021. million on lobbying related to competition, mergers, and Biden's July 2021 executive order: • BNSF—Which Raised Its Freight Rates And Cut Its Operating Ratio In Q3 2021—Saw Its Net Income . Volumes grew for coal, industrial products. . (a) Operating ratio excludes impacts of BNSF Logistics. 29-30 [ Reply To This Message ] [ Share Thread on Facebook ] [ Start a New Thread ] [ Back to Thread List ] Page created in 0 . Total . Diluted Earnings Per Share: Decreased 38% to $0.74 per share from $1.19 per share. BNSF Railway Co. late last week reported double-digit increases in first-quarter 2022 revenue, net income and operating expenses compared with the same period a year ago. (Reuters) - Union Pacific Corp cut its full-year forecast for volume and operating ratio growth on Wednesday, as supply chain logjams pressure the U.S. railroad operator's volumes. (a) Operating ratio excludes impacts of BNSF Logistics. UP 9-month Total Revenues: $16.285 billion. (Photo: Jim Allen/FreightWaves) BNSF's first-quarter 2022 net profit rose 10% despite a 3% decline in volumes, the company reported Monday. Total revenue for the quarter decreased 0.3 . BNSF earned $2.972 billion in 2011 for a P/E of 11.6. BNSF closes out 2021 with record earnings. First Quarter: Revenues:$5.968 billion (vs. $5.401 billion 2021) . The Class I posted an operating ratio of 63.7% in the quarter compared to 65.2% in Q1 2020, according to a financial report on bnsf.com. BNSF Railway produced record profits in 2021 amid broad growth in traffic and revenue. Looking ahead, Berkshire Hathaway noted in its 2020 annual report that . . % BNSF % % % % % BNSF said this was "primarily due to increased electricity generation, higher natural gas prices and improved export demand." For first-quarter 2022, operating income came in at $2.0 billion, up 8% (or $152 million) compared with the same period last year. BNSF posted its first-quarter 2022 financial results. . Volumes grew for coal, industrial products. Business volumes, as measured by total revenue carloads, were up 4%. — BNSF Railway produced record profits in 2021 amid broad growth in traffic and revenue. My estimate is driven by $24 billion in revenue at a 60% operating ratio, slightly over $1 . 1 minute read. First Quarter: Revenues:$5.968 billion (vs. $5.401 billion 2021) . BNSF Railway Co. posted first-quarter 2021 net income of $1.25 billion, up 5%, and operating income of $1.9 billion, up 4%, compared with the same period a year ago. Union Pacific Cuts 2021 Volume, Operating Ratio Growth Forecast More FILE PHOTO: A Union Pacific rail car is parked at a Burlington Northern Santa Fe (BNSF) train yard in Seattle, Washington, U.S . 1 min read FILE PHOTO: A Union Pacific rail car is parked at a Burlington Northern Santa Fe (BNSF) train yard in Seattle In this article: For example, a focus on lower expenses rather than value-added . (a) Operating ratio excludes impacts of BNSF Logistics. reported on Saturday. In the fiscal year of 2021, the company reported over 14.4 . BNSF is a privately held company whose parent is Berkshire Hathaway (NYSE: BRK.B). Volumes and Revenues Operating income for the fourth quarter and full year 2021 was $2.4 billion and $8.8 billion, respectively, an increase of $253 million (12%) and an increase of $1.1 billion (14%), respectively, compared to the same periods in 2020. Operating Expenses: Decreased 2% to C$8.86 billion from C$9.04 billion. advertisement. BNSF's 2020 capital improvements totaled $3.08 billion, "the largest component of which supported maintenance and expansion of its network to operate a safe, reliable and efficient network that meets customer demands," the railroad reported. Operating ratio . BNSF Railway's operating ratio declined 2.9 points, the biggest improvement among the Class I systems. Business volumes, as measured by total revenue carloads, increased 22%. A Union Pacific rail car is parked at a Burlington Northern Santa Fe (BNSF) train yard in Seattle, Washington, U . Operating ratios have been improving for years and are down 10.4 points since 2012. Operating ratio was 64.6%, an increase of 0.9% vs. 2021. Shares of Palantir (NYSE: PLTR) dropped 24.3% in April, according to S&P Global Market Intelligence. "Records" For Cutting Operating Ratio In 2021—Had Its "'Most Profitable Year Ever'" In 2021 Due In Part To Price Increases, Spent Over $10 Billion . BNSF First-Quarter Earnings Author: Interlocker. That relates to $8.8 billion in operating income and $22.5 billion in revenue. First-quarter 2022 net income was $1.37 billion, compared with $1.25 billion in the first quarter of 2021. coast. For first-quarter 2021, BNSF posted revenues of $5.401 billion, virtually flat with the year-earlier period, and volumes of 2.449 million, led by Consumer and Agricultural products, the railroad reported May 3. . The railway's operating income rose 8%, to $2 billion, as revenue increased 10%, to $6 billion, thanks to higher revenue per carload and intermodal unit, the railroad's parent company, Berkshire Hathaway, reported on Saturday. Union Pacific's 61.0% reported operating ratio when adjusted for the impairment charge is an all-time quarterly record of 55.6%, 410 basis points lower than fourth quarter 2019. . In the fiscal year of 2021, the company reported over 14.4 . . 4th Quarter 2021. Read CN's full earnings report. Operating income for the first three months of 2021 was $1.9 billion, up 4% from the 2020 period, and the operating ratio was 63.7% . For the year, BNSF's operating income surged 13.7%, to $8.8 billion, as revenue rose 11.6%, to $22.5 billion, the railroad's corporate parent, Berkshire Hathaway, reported on Saturday. . Annualizing the 9-month results in 2021, BNSF should earn around $5.74 billion this year. As reported in Berkshire's 2020 Q4 10-K, book value as of December 31, 2020 was $443.2 billion. , Mar 4, 2022. The operating ratio target is quite ambitious. Yet despite running some trains that exceed 14,000 or even . (8%) compared to the same period in 2021. On the expense side of the ledger, third-quarter operating expenses fell 5 percent to $3.8 billion from $4 billion last year. Volumes and Revenues Operating income for the third quarter and first nine months of 2021 was $2.3 billion and $6.4 billion, respectively, increases of $251 million (12%) and $805 million (14%) compared to the same periods in 2020. BNSF's operating income rose 13.7% with revenues up 11.6% in 2021. Non-insurance operating companies, led by BNSF and BHE, could generate record profits in 2021. . Norfolk Southern Corporation is a freight railroad company which operates in the Southeast, East and Midwest geographic regions of the United States. The Nebraska-based company, in a regulatory filing, said it expects 2021 volumes to grow about 4% from around 5% growth it had forecast in October. Nope. . Opera ting ratios for BNSF, FXE, and KCSM are calculated. The railroad recorded an operating ratio of 60% in the quarter versus 60.3% in fourth-quarter 2021. Annualizing the 9-month results in 2021, BNSF should . For the year, BNSF's operating income surged 13.7%, to $8.8 billion, as revenue rose 11.6%, to $22.5 billion, the railroad's corporate parent, Berkshire Hathaway, reported on Saturday. BNSF's net earnings were $1.25 billion in the first quarter of 2021, a 5% increase from $1.19 billion in the first quarter of 2020, the railroad reported Monday. Operating revenue of $5.5 billion was up 30%. (a) Operating ratio excludes impacts of BNSF Logistics. Union Pacific cuts 2021 volume, operating ratio growth forecast. The railroad's operating ratio improved 0 . BNSF's operating ratio rose 0.9 points to 64.6%. The railroad's operating ratio improved 0.2 points to 59.5% as productivity improvements helped offset fuel price increases and higher volume-related expenses. BNSF. Operating ratio was 64.6% for the first quarter, an increase of 0.9% compared to the same period in 2021. I can't find 2022's. Bismarck Bill Edited 1 time(s). 73 billion Operating Expenses: Increased 25% to $3.6 billion from $2.9 billion Operating Ratio: Improved 0.7% to 60.4% from 61.1% Click here to read BNSF's full earnings report. Rails Fall 2021 - Realities & Perceptions . Operating Ratio: 64.6% (vs. 63.7% 2021) Source: www.berkshirehathaway.com, U.S. SEC Form 10-Q, pp. BNSF posted its first-quarter 2022 financial results. November 14, 2021 10:06 PM UP is doing what businesses, cities, the United States, and many consumers are doing -- borrowing money at historically low rates. BNSF's net earnings were $1.25 billion in the first quarter of 2021, a 5% increase from $1.19 billion in the first quarter of 2020, the railroad reported Monday. A Union Pacific rail car is parked at a Burlington Northern Santa Fe (BNSF) train yard in Seattle, Washington, U . BNSF is a privately held company whose parent is Berkshire Hathaway (NYSE: BRK-B ). The Nebraska-based company, in a regulatory filing, said it expects 2021 volumes to grow about 4% from around 5% growth it . Norfolk Southern plans to hold its capital expenditures between 16 percent and 18 percent of revenues through 2021, as the railroad targets an operating ratio of 60 percent by that year. Operating Ratio: 64.6% (vs. 63.7% 2021) Source: www.berkshirehathaway.com, U.S. SEC Form 10-Q, pp. Adding the net gain of $4 billion from the equity investments to $5.6 billion in operating earnings . Last edit at 02/27/22 07:30 by bmarti7. All other operating ratios are as reported by the carriers. Net Earnings: Decreased 34% to C$532 million from C$802 million. A 26% gain in revenues helped boost BNSF's net profits in the second quarter of 2021. (a) Operating ratio excludes impacts of BNSF Logistics. The average operating ratio stood at 60.4%, down from 61.9% in 2019. Mar 9, 2022. BNSF's operating ratio was 63.7%, which is 1.5 points lower than the first quarter of 2020. . Total . Financial Results: Quarterly Records for Operating Ratio, Operating Income, Net Income, and Earnings Per Share Second Quarter 2021 Compared to Second Quarter 2020. Note: Adjusted operating ratios in Q3 2020 for NS (unadjusted OR: 66.5%) and in Q3 2021 for CN (62.7%) and KCS (66.1%). Canadian Pacific Railway's operating ratio decreased dramatically between the fiscal year of 2011 and the fiscal year of 2021. - BNSF Railway's revenue and profits grew in the first quarter despite a decline in volume. February 27th, 2022 Opinion/Analysis: Part 5 of 5 - Congressman attacks Texas Central on a second front. The operating ratio came in at 60.3% for the fourth quarter and 61.6% for the full year—improving 2.5% and 2.9%, respectively, compared with the same periods in 2019. . Norfolk Southern. ( Railway Age reported on the investment breakdown Jan. 20 .) The operating revenue generated by BNSF Railway presented a trend of overall growth with some oscillation from the fiscal year of 2013 through the fiscal year of 2021. . Volumes and Revenues Operating income for the first quarter of 2021 was $1.9 billion, an increase of $66 million or 4% compared to the same period in 2020. . BNSF Long Term Debt and Finance Leases 12/31/2020: $22.303 billion . For full-year 2021, BNSF reported net income of nearly $6 billion, up 16%; total revenue of $23.3 billion, up 12%; operating income of $8.8 billion, up 14%; and operating expenses of $14.5 billion, up 10% year over year. . It is likely that Palantir was affected by fears over rising interest rates, inflation, and the . . Volumes and Revenues Operating income for the second quarter and first six months of 2021 was $2.2 billion and $4.1 billion, respectively, increases of $488 million (28%) and $554 million (16%) compared to the same periods in 2020. Blue bars represent operating ratio in the year before Harrison's tenure and red bars show Harrison's OR in the last year of tenure at the respective company. Net Earnings: Increased 90% to C$1.034 million from C$545 million Operating ratio (a) 60.3 % 62.8 % 61.6 % 64.5 % Source: Amounts derived from the GAAP results in the Burlington Northern Santa Fe, LLC Forms 10 ‐K and 10‐Q for the . Results of the railroad were posted by parent company Berkshire Hathaway in a report released on Monday. Union Pacific's 61.0% reported operating ratio when adjusted for the impairment charge is an all-time quarterly record of 55.6%, 410 basis points lower than fourth quarter 2019. Source: Amounts derived from the GAAP results in the Burlington Northern Santa Fe, LLC Forms 10Q for the period ended March- 31, 2022. By increasing operating expenses by $400 to attract new business that boosts revenue to $1,500, the railroad increases operating profit from $500 to $600 even though the operating ratio has climbed to 60%. The operating expenses of BNSF Railway fluctuated considerably from the fiscal year of 2013 to the fiscal year of 2021. The 2021 plan is focused on projects that support BNSF's growth and efficiency objectives, while continuing to maintain a safe and reliable railroad. As of 2021, Union Pacific Corporation reported an operating. The Class 1 announced its plans today at its Investor and Financial Analyst Conference in Atlanta. Operating income rose 8% to $2 billion, while operating ratio (OR) was 64.6%, compared with 63.7% a year ago. OMAHA, Neb. BNSF's revenues in the second quarter were $5.8 billion, compared with $4.6 billion in the first quarter of . The railroad's third-quarter operating ratio was 62.6 percent versus . Operating ratio was 63.7% for the first quarter, an improvement of 1.5% compared to the same period in 2020. First-quarter 2022 net income was $1.37 billion, compared with $1.25 billion in the first quarter of 2021. Total revenue for the quarter decreased 0.3 . "While the economic outlook for 2021 remains uncertain, we will build off our solid . Operating ratio, which is the ratio of operating expenses to revenues, can be used by some investors to gauge the financial performance of a company, with a lower operating ratio implying improved performance. Operating Ratio: Improved 4.2 points to 61.2% from 65.4%. First-quarter 2022 net income was $1.37 billion, compared with $1.25 billion in the first quarter of 2021. BNSF Railway ended their 2018 fiscal year on an upswing in both revenue and profits . OMAHA, Neb. BNSF Railway Co. posted first-quarter 2021 net income of $1.25 billion, up 5%, and operating income of $1.9 billion, up 4%, compared with the same period a year ago. (Photo: JIm Allen/FreightWaves) BNSF 's fourth-quarter 2021 net profit rose 13% amid an 11% gain in revenues, the western U.S. railroad reported. BNSF volume was up 6.9% for 2021: Coal shipments up 8.9%; Consumer products up 7.7% Mar 9, 2022. For 2019, BNSF's operating . Revenue for the railroad was $23.9 billion which was up 12 percent. Other second-quarter 2021 highlights: • On the Consumer Products side, operating revenues were $2.083 billion, up 33% over the same period last year. 2nd Quarter 2021. Operating ratio . BNSF's consumer products reported operating revenues of $1.9 billion, a 7% . Operating income for the three months ending June 30, 2021 was $2.2 billion, up $488 million or 28% compared with the same period last year. BNSF Railway Co. posted first-quarter 2021 net income of $1.25 billion, up 5%, and operating income of $1.9 billion, up 4%, compared with the same period a year ago. 1 March 2022 On Saturday, freight rail carrier BNSF reported record profits for 2021. That relates to $8.8 billion in operating income and $22.5 billion in revenue. 20.) Feb 10, 2022 The Union Pacific Railroad's operating ratio overall decreased from the fiscal year of 2011 to the fiscal year of 2021. Union Pacific's 55.1% operating ratio improved 590 basis points. BNSF 9-month Operating Ratio: 61.2%. Get in touch with us now. Norfolk Southern services several ports on the Atlantic as well as on the Gulf. BNSF Railway Co. posted first-quarter 2021 net income of $1.25 billion, up 5%, and operating income of $1.9 billion, up 4%, compared with the same period a year ago. Full Year 2021 Compared to Adjusted Full Year 2020* Operating revenue of $21.8 billion was up 12% driven by volume growth, higher fuel surcharge revenue, core pricing gains, and a positive business mix. The company's operating income for the year was $8.8 billion, which represented a significant 13.7 percent. . 22 billion from $1. 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