The 5 Largest US Railroad Corps March 2018 Quarter Total Pretax Income Increased By 12% Over the March 2017 Quarter ....................................................................................... These Railroad Companies March 2018 Quarter Total After-Tax Net Income Increased By a Substantially Higher 35% Due To Their Effective Income Tax Rates Declining Precipitously From 36.7% in the March 2017 Quarter Down To 24.0% in the March 2018 Quarter From the Trump Tax Cuts Act

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US Railroad Corps with stock market caps above $10 Bil on April 30, 2018.  Also included below is Berkshire Hathaway's Burlington Northern Santa Fe whose Total Equity exceeds $40 Bil.

									US GAAP	US GAAP	US GAAP	US GAAP
		US GAAP				US GAAP			Effective	Effective	Pretax	Net
	US GAAP	Income	US GAAP		US GAAP	Income	US GAAP		Income	Income	Income	Income
	Pretax	Tax	Net		Pretax	Tax	Net		Tax	Tax	% Change	% Change
	Income	Expense	Income		Income	Expense	Income		Rate	Rate	March Qtr	March Qtr
US Railroad Corps	March Qtr	March Qtr	March Qtr		March Qtr	March Qtr	March Qtr		March Qtr	March Qtr	2018	2018
Market Caps Above $10 Bil	2018	2018	2018		2017	2017	2017		2018	2017	vs 2017	vs 2017
	mils $	mils $	mils $		mils $	mils $	mils $
Union Pacific Corp	1,711	401	1,310		1,688	616	1,072		23.4%	36.5%	1%	22%
Burlington Northern Santa Fe	1,513	368	1,145		1,345	507	838		24.3%	37.7%	12%	37%
CSX Corp	912	217	695		582	220	362		23.8%	37.8%	57%	92%
Norfolk Southern	707	155	552		655	222	433		21.9%	33.9%	8%	27%
Kansas City Southern	222	77	145		238	91	147		34.7%	38.2%	-7%	-1%
Total all 5	5,065	1,218	3,847		4,508	1,656	2,852		24.0%	36.7%	12%	35%