HUTCHINSON, Kan. — BNSF Railway continued to move forward with a strong second quarter earnings report.
The nation’s second-largest railroad reported total revenue of $5.8 billion in the second quarter compared with $5.2 billion in the same period last year. Net income for the period totaled $1.3 billion compared with $958 million in 2017.
Car loads increased across the board with the exception of coal, which fell slightly. Industrial products led the way, increasing by 10 percent due to a strength in the energy and industrial sectors, which drive demand for sand, petroleum products, steel and plastics. Ag shipments also increased by 9 percent because of strong export and domestic grain shipments.
Owned by Berkshire Hathaway, BNSF carries a total valuation in Reno County of more than $7.4 million on property taxes of nearly $1.2 million, making it the third largest property tax payer in the county.