May 13, 2026 - railway.supply -

BNSF efficiency gains are showing up in the railroad’s financial results. BNSF's Fort Worth-based CEO Katie Farmer says the company still needs to improve profitability. She said it also needs to narrow the gap with its closest western competitor. 

At Berkshire Hathaway’s annual meeting on May 2, Farmer outlined BNSF’s priorities. The railroad remains focused on efficiency. It is also focused on a competitive cost structure and profitability relative to Union Pacific. In 2025, BNSF reported an operating ratio of 65.5%, compared with Union Pacific’s 59.8%. That left a 5.7-point gap between the two railroads.

Read more: https://www.railway.supply/bnsf-slashes-fleet-by-260-locomotives-in-aggressive-push-to-close-operating-gap/https://www.railway.supply/bnsf-slashes-fleet-by-260-locomotives-in-aggressive-push-to-close-operating-gap/

Photo credit: BNSF