BNSF earnings gain in Q3

Financial Performance - BNSF Railway reported revenues of $5.988 billion for Q3 2025, an increase from $5.881 billion in Q3 2024, indicating a positive financial trend [1] - Pre-tax earnings for the quarter rose to $1.912 billion from $1.846 billion, while net earnings increased to $1.449 billion from $1.383 billion [1] - For the first nine months of 2025, total revenues reached $17.390 billion, up from $17.242 billion year-over-year, with pre-tax earnings improving to $5.324 billion from $4.987 billion and net earnings rising to $4.129 billion from $3.753 billion [3] Operational Metrics - The operating ratio for Q3 2025 was reported at 64.1%, which is an improvement of 0.9% year-over-year [1] - The operating ratio for the first nine months of 2025 was 65.6%, reflecting a 1.9% decrease compared to the same period in 2024 [3] Shipment and Volume Trends - In Q3 2025, shipments of consumer products increased by 2.2%, while agriculture and energy commodities saw a gain of 0.9% [2] - Industrial products and coal shipments experienced declines of 1.9% and 2.1%, respectively [2] - The growth in volumes was attributed to increased intermodal traffic from West Coast imports and gains in automotive vehicle movement [2] - Average revenue per car/unit increased by 0.8% in Q3 2025 but declined by 1.4% in the first nine months of 2025 year-over-year [2]