Total freight revenues for the fourth quarter of 2001 were $2.27 billion, 2% lower than revenues in the same period of 2000. However, BNSF had a 9% volume gain in its truckload business in the fourth quarter and generated $443 million of free cash flow, a 3% improvement over 2000. Operating income for the fourth quarter reached $472 million, excluding the layoff charge, down from $544 million in the same quarter in 2000.
For all of 2001, BNSF's earnings per share dropped to $1.87 from $2.36 per diluted share in 2000. Freight revenues for 2001 were $9.09 billion, a decrease of less than 1% compared with 2000. Operating income fell to $1.79 billion from $2.15 billion for 2000.