BNSF Railway has started 2019 with positive overall numbers as compared to 2018 due to a huge increase in petroleum shipments.
Combined intermodal and carloads numbers are up 2.82% in the aggregate.
Of particular note are much higher petroleum shipments, which as of the week ending January 12, 2019, are up a whopping 43.82% over the same period last year.
Also, showing strong numbers are metals shipments, which are up 29.90%, and shipments of stone, clay and glass are up 22.06%.
Noteworthy on the downside are coal shipments, which are -1.16% and lumber shipments are down -17.37%.
Total shipments excluding intermodal are up a robust 4.98%
2018 was a strong year for BNSF, with the combined carloads including intermodal up 4.03% over 2017, and 2019 is starting off even better.
© 2019 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.