Traffic grew just 3% year-on-year, although revenue-per-wagon increased
by 10.6%. Sales growth outpaced net income, with overall revenue rising
17% to $US 4.8bn. Operating expenses jumped 19% to $US 3.6bn, largely
due to the cost of repairing infrastructure damage caused by flooding
along the Missouri and Souris rivers.
by 10.6%. Sales growth outpaced net income, with overall revenue rising
17% to $US 4.8bn. Operating expenses jumped 19% to $US 3.6bn, largely
due to the cost of repairing infrastructure damage caused by flooding
along the Missouri and Souris rivers.
Strong results in its rail and manufacturing businesses, plusfavourable investment earnings, helped Berkshire Hathaway to achieve a
second-quarter 2011 net profit of $US 3.42bn compared with earnings of
$US 1.97bn in the second quarter of 2010. The company, which is owned
by the world's second richest man Mr Warren Buffett, became the sole
shareholder in BNSF in November 2009 when it acquired 77.4% of the
company for $US 26.6bn.
