(Source: Progressive Railroading, March 3, 2026)
BNSF Railway’s fourth-quarter 2025 total revenue declined 3% to $5.98 billion, but net income jumped 5% to $1.3 billion compared with Q4 2024 financial results, the railroad announced on March 3. The Class I posted Q4 2025 operating income of $2 billion, an 11% increase over the previous year’s bottom line. BNSF’s operating ratio (OR) for the quarter improved to 65.2% from 69.4% a year ago, according to an online financial performance summary. Volume in the quarter declined 4% to 2.4 million units. BNSF attributed the decrease in Q4 2025 revenue primarily to a 4% decline in unit volume, partially offset by a 2% increase in average revenue per car/unit resulting from higher yield.
Full story: Progressive Railroading