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BULLETIN: Burlington Northern Santa Fe Announces First-Quarter Results Apr 03
Standard & Poors, April 2003
Abstract
NEW YORK (Standard & Poor's) April 22, 2003--Burlington Northern Santa Fe Corp. (BNSF; BBB+/Negative/A-2) today reported year-over-year quarterly revenue growth for the first time since the second quarter of 2001. Excluding the effect of higher fuel prices, operating expenses were essentially flat. Standard & Poor's Ratings Services said the announcement has no impact on its ratings or outlook on BNSF. During the quarter, the company benefited from strong demand in the international, truckload, and perishable sectors of the consumer products segment, which helped offset weakness in the coal and agricultural segments. The company also benefited from fuel surcharges, which accounted for 1% of the 3% increase in total revenues in the quarter. The operating ratio (operating expenses, including depreciation, as...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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