WebSep 14, 2024 · The US railroad industry’s workforce dropped from more than 1 million workers in the 1950s to fewer than 150,000 in 2024. The cost-cutting has contributed to big windfalls at BNSF and Union Pacific, the two largest railroad corporations in North America, which reported record profits in 2024. WebMar 1, 2024 · 1 March 2024 On Saturday, freight rail carrier BNSF reported record profits for 2024. The company’s operating income for the year was $8.8 billion, which …
BNSF
WebFeb 27, 2024 · Despite an increase in revenues for BNSF, higher fuel costs contributed to a softer operating income for the fourth quarter of 2024. ... BNSF reported its fourth-quarter 2024 results. (Photo Jim Allen/FreightWaves) ... Meanwhile, operating expenses also cut into BNSF’s quarterly profits, with expenses growing 17% to $4.5 billion due to ... WebAug 9, 2024 · A 26% gain in revenues helped boost BNSF ’s net profits in the second quarter of 2024. BNSF’s revenues in the second quarter were $5.8 billion, compared with $4.6 billion in the first quarter of 2024, BNSF said Monday. Net income was $1.5 billion in the second quarter, a 34% increase from $1.1 billion a year ago. parable of the gadfly
BNSF allocates $3.55bn for 2024 capital investments - Railway …
WebApr 3, 2024 · This aerial photo shows the aftermath of a fiery BNSF train derailment that occurred near Raymond, Minnesota on March 30, 2024. ... from $101 million in stock repurchases and dividend bumps in 2002 to $4.7 billion in 2024. ... the profit-maximizing scheduling system that forces fewer workers to manage longer trains in less time, ... WebJul 1, 2024 · BNSF Railway was the leading U.S. class I freight railroad company in 2024, generating just under 23.3 billion U.S. dollars in operating revenue. The railroad focuses on transporting freight ... WebFeb 26, 2024 · Buffett said Berkshire has repurchased another $1.2 billion of stock in 2024. ... Results benefited from insurance underwriting gains, higher profit from BNSF, and currency fluctuations, among ... parable of the frog