BNSF Q3 2019 coal revenues, volumes decline on adverse weather conditions

(Source: S&P Global Platts, November 3, 2019)

HOUSTON BNSF Railway reported a decrease in coal volumes and revenue in the third quarter of 2019, primarily because of adverse weather conditions and lower natural gas prices. The Fort Worth, Texas-based railroad reported Q3 coal volumes of 482,000 carloads, up from 440,000 carloads in the prior quarter, but below the 502,000 carloads reported in the year-ago quarter, according to its Q3 earnings report, filed Monday with the US Securities and Exchange Commission. It was the lowest Q3 coal volumes in more than 10 years.

Full story: S&P Global Platts

Tuesday, November 5, 2019

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