BNSF 3Q20: Pandemic Drives Down Revenues, Pre-Tax Earnings

BNSF’s third-quarter operating revenues and pre-tax earnings fell 14.1% and 8.4%, respectively, due to the COVID-19 pandemic’s continuing impact.

Good 2Q for BNSF

BNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable quarter of 2013.

Commentary

BNSF’s best days are just ahead

If recent reports published by Railway Age and others regarding BNSF’s clogged network have managed to discourage any shipper or industry-related investor, I have news that might brighten their outlook.

BNSF: Ice rises; Rose blooms

The announcement of a leadership transition at BNSF Railway was not unexpected: Effective Jan. 1, 2014, Carl Ice, President since 2010, will add the title of Chief Executive Officer. Matt Rose will become Executive Chairman, where he will be the railroad’s chief decision-maker, but without daily operational responsibilities.
Commentary

Will Matt Rose succeed Warren Buffett at Berkshire Hathaway?

The evidence is mounting that BNSF chief executive Matt Rose is Warren Buffett’s choice to succeed him at Berkshire Hathaway.