With its carloads up a strong 10.2 percent year-over-year, BNSF Railway is continuing to power towards an outstandingly profitable year.
The strong gains are the highest of all Class 1 railroads.
Of particular note are higher grain shipments, as well as significant increases in metallic ores and sand/gravel.
The grain shipments mean a record number of trains running through Southwest Washington state. The new record surpasses the previous record set pre-Great Recession in 2006.
Just another sign that this is shaping up to be a very good year for BNSF.
© 2018 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.