November 3, 2025 - TRA Newswire -

Two of the Class 1 railroads operating in Texas reported good third quarter results with both BNSF Railway and Canadian Pacific Kansas City (CPKC) showing positive on both revenue gains and net income.

• BNSF, based in Fort Worth, said Q-3 2025 revenue rose 2% to some $6 billion while net income gained 5% to $1.4 billion compared to 2024.
• CPKC, based in Calgary, Canada, reported a revenue increase of 3% to $3.7 billion and net income gain of 9% to $913 million, compared to third-quarter 2024. 

BNSF reported increases in hauling consumer products (up 2%) from increased intermodal activity from the West Coast as well as their automotive sector showing gains from more vehicles shipped. Ag and energy volume edged up while industrial, petroleum products and coal shipment were down. BNSF's operation ratio increased 1% compared to 2024, now at 65.1%. More details can be found at: https://bnsf.com/about-bnsf/financial-information/pdf/performance-summary-3q-2025.pdf

CPKC volume in revenue ton-miles increased by 5% but their operating ratio slid from 66.1% last year in the 3rd quarter to 63.5%. “CPKC once again created profitable, sustainable growth in the third quarter, while navigating challenging macroeconomic conditions,” said Keith Creel, CPKC President and Chief Executive Officer. “Through our powerful network and unique partnerships, we are providing strong service and bringing innovative solutions to the market for our customers. I remain confident in our ability to continue delivering on our long-term value proposition.” CPKC's release can be found here: https://s21.q4cdn.com/736796105/files/doc_financials/2025/q3/Exhibit-99-1-Q3-2025-Earnings-Release.pdf  "Through strong execution of our strategy, focused on leveraging our North American footprint, we continue to expect to deliver on our full-year 2025 guidance," Creel added.

Photo credit: BNSF, CPKC