SEATTLE, Oct 22 (Reuters) - The No. 2 U.S. railroad, Burlington Northern Santa Fe Corp (BNI.N), posted a 30 percent drop in net quarterly profit on Thursday, as freight volumes declined.
The Ft. Worth, Texas-based company posted a third-quarter net income of $488 million, or $1.42 per share, compared with $695 million or $1.99 per share, a year earlier.
Its total operating revenue declined to nearly $3.6 billion from $4.91 billion a year ago.
Freight revenues fell 27 percent in the quarter to $3.49 billion, BNSF said.
Its shares closed at $84.62 on the New York Stock Exchange. (Reporting by Aarthi Sivaraman, editing by Leslie Gevirtz)
