Things are turning around at BNSF Railway now that higher carload numbers are continuing to remain strong.
Slumping volumes in 2016 saw the total intermodal and carload volumes down 4.94% from2015 levels, with coal shipments slumping 20.88% from 2015 levels.
This time, coal is leading the way in the recovery, with shipments up a robust 19.11% year-to-date over the same period in 2016.
Also up a solid 4.26% are intermodal shipments.
While petroleum shipments continue to slide, with year-to-date numbers down 10.14%, the combined intermodal and carloads numbers are up 6.15% in the aggregate.
© 2017 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.