Note: This is the seventh Q2 2020 earnings report we’ve posted, which covers all seven Class 1 railroads. These changes were primarily due to lower electricity demand driven by the COVID-19 pandemic and mild winter weather, low natural gas prices and plant retirements.Operating expenses for the second quarter and first six months of 2020 were down 26% and 18%, respectively, compared with the same periods in 2019. • Agricultural Products volumes decreased 7% and 2%, respectively, for the second quarter and first six months of 2020 compared with the same periods in 2019, primarily due to the impacts of the COVID-19 pandemic on ethanol and related commodities and due to lower net exports. Ed. BNSF’s (NYSE: BRK) first-quarter net profit fell 5% amid a 6% decline in revenue, according to Berkshire Hathaway, BNSF’s parent company.. BNSF’s net earnings for the first quarter of 2020 were $1.19 billion, compared with $1.25 billion in the first quarter of 2019, Berkshire Hathaway said on May 2. 2020-08-10T11:57:46Z The letter F. An envelope. h�̖�j�0�_�d��� ^TŁv����Gp2�܍��~9%��h H���2g`q��c��c �1�x�X��1� L� c"��p��:T��Z�8�� ���٨:���6`R��K(wŰ:-8�9/�lZ�8)��9��T�z�c>P괮�o�]��Ә��Բɾ؆!Ɉd�d���{X�]r��W��&�����ʍu�).�ϜZ�Tl0��ͪ�hp����U���p�+C�A��G����IR�$��T��T.I�,I*�"��IR�$�d�T*)�c,���l�� This post will be updated when the information becomes available. �8�u�4e^��!/'~(I�='���'����kY��(� +┊��^S�XlU���u�"ٞ�'(ý�31����{�Mkw=�%�I� BNSF’s Q2 net earnings fall, but operating ratio improves 10 August 2020 Like its other Class I counterparts, the COVID-19 pandemic hit BNSF ’s (NYSE: BRK ) bottom line in the second quarter, with revenue falling 22% amid an 18% drop in rail volumes. The railroad’s operating income fell 15.7%, to $1.5 billion, as revenue declined 21.9%, to $1.3 billion, BNSF’s corporate parent, Berkshire Hathaway, reported in a regulatory filing on Saturday. Get our weekly newsletter delivered to your inbox Berkshire's first-quarter net loss totaled $49.75 billion. Revenues declined across all of BNSF's segments. Locomotive fuel price per gallon decreased 46% and 25% in the second quarter and first six months of 2020, respectively, compared to the same periods in 2019.• Materials and other expense decreased 27% in the second quarter of 2020 and 25% in the first six months of 2020 compared to the same periods in 2019.

First quarter of 2020 operating income was $1,823 million, an increase of $44 million or 2.5% compared to the same period in 2019. However, the COVID-19 pandemic has caused a significant economic slowdown that has adversely affected the demand for transportation services," Berkshire Hathaway, which owns BNSF, said in a statement. Lower electricity demand as a result of the pandemic, as well as mild winter weather, low natural gas prices and the retirement of coal-fired power units contributed to the volume decline, according to Berkshire Hathaway.BNSF said today it is lowering its capital expenditures budget for 2020 by $300 million to $3.1 billion, "given lower volumes being experienced due to the COVID-19 pandemic and productivityImprovements. DCL. These changes were primarily due to a decrease in U.S. industrial production driven by the aforementioned pandemic and reduced demand in the energy sector, which drove lower sand and petroleum products volume. BNSF’s Q2 net earnings fall, but operating ratio improves 10 August 2020 Like its other Class I counterparts, the COVID-19 pandemic hit BNSF ’s (NYSE: BRK ) bottom line in the second quarter, with revenue falling 22% amid an 18% drop in rail volumes. BNSF RAILWAY COMPANY and SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) June 30, 2020 December 31, 2019 Assets Current assets: Cash and cash equivalents $ 514 $ 557 Accounts receivable, net 1,740 1,874 Materials and supplies 693 789 Other current assets 172 129 Total current assets 3,119 3,349 Property and equipment, net of accumulated depreciation of $12,358 … Registration is FREE and takes only a few seconds to complete. The decreases were primarily due to lower employee counts associated with lower volume and due to improved productivity.• Purchased services expense decreased 18% and 12% in the second quarter and first six months of 2020, respectively, compared to the same periods in 2019 due to lower volume and improved productivity, lower purchased transportation costs of our logistics services business, as well as insurance recoveries in 2020 related to 2019 flooding.

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