Railroad Trends · Indexed comparison

Compare quarterly trends.

See how selected measures changed from the same starting quarter. Exact values and annual traffic remain separate.

BNSF Railway3 measures · 2025 Q1–2026 Q2

Quarterly · relative movement

Your comparison

Index: first selected quarter = 100.

Average employeesOperating revenueTotal capital expenditures
BNSF · solid
Indexed quarterly comparison: BNSF Average employees, BNSF Operating revenue, BNSF Total capital expendituresFrom 2025 Q1 to 2026 Q2. Every available line starts at 100. Exact values are in the following table. Similar movement does not establish causation.307246185124632025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2BNSF · Average employees, 2025 Q1: index 100.0; 36,174BNSF · Average employees, 2025 Q2: index 100.3; 36,292BNSF · Average employees, 2025 Q3: index 99.3; 35,917BNSF · Average employees, 2025 Q4: index 97.0; 35,090BNSF · Average employees, 2026 Q1: index 94.9; 34,346BNSF · Average employees, 2026 Q2: index 95.9; 34,706BNSF · Operating revenue, 2025 Q1: index 100.0; $5,771,220,000BNSF · Operating revenue, 2025 Q2: index 100.8; $5,819,246,000BNSF · Operating revenue, 2025 Q3: index 105.5; $6,088,493,000BNSF · Operating revenue, 2025 Q4: index 105.0; $6,059,915,000BNSF · Operating revenue, 2026 Q1: index 105.0; $6,058,951,000BNSF · Operating revenue, 2026 Q2: index 115.6; $6,670,262,000BNSF · Total capital expenditures, 2025 Q1: index 100.0; $641,275,000BNSF · Total capital expenditures, 2025 Q2: index 146.0; $936,133,000BNSF · Total capital expenditures, 2025 Q3: index 154.2; $988,913,000BNSF · Total capital expenditures, 2025 Q4: index 187.4; $1,201,526,000BNSF · Total capital expenditures, 2026 Q1: index 116.8; $748,712,000BNSF · Total capital expenditures, 2026 Q2: index 274.9; $1,763,155,000
Indexed lines compare relative movement, not railroad size or absolute performance. Co-movement does not establish causation.
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2 · Quarterly timeline
STB reportedRailStats calculatedIndexed comparison

120 means 20% higher. Color identifies the measure; line style identifies the railroad.

Quarter readout

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2026 Q2 · change from 2025 Q1

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All selected lines at 2026 Q2. Changes are RailStats.org calculations relative to the starting quarter.
Railroad / measureExact valueIndexChange from start
BNSF · Average employeesRailStats calculated34,70695.9-4.1%
BNSF · Operating revenueRailStats calculated$6,670,262,000115.6+15.6%
BNSF · Total capital expendituresRailStats calculated$1,763,155,000274.9+174.9%

100 is the starting value. Percentage change = index − 100; for a percentage-valued measure, this is relative change, not percentage points. A dash means unavailable.

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Railroads
Quarterly measures
Annual traffic

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Exact quarterly values and calculated indexes

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Source-unit values · index from 2025 Q1. A dash means unavailable, never zero.
Railroad / measure2025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2
BNSF · Average employeesRailStats calculated36,174Index 100.036,292Index 100.335,917Index 99.335,090Index 97.034,346Index 94.934,706Index 95.9
BNSF · Operating revenueRailStats calculated$5,771,220,000Index 100.0$5,819,246,000Index 100.8$6,088,493,000Index 105.5$6,059,915,000Index 105.0$6,058,951,000Index 105.0$6,670,262,000Index 115.6
BNSF · Total capital expendituresRailStats calculated$641,275,000Index 100.0$936,133,000Index 146.0$988,913,000Index 154.2$1,201,526,000Index 187.4$748,712,000Index 116.8$1,763,155,000Index 274.9

Separate period · annual traffic

2025 full-year traffic

Only one annual year is available, so these are snapshots, not trend lines. Annual totals are not repeated across quarters or plotted on the quarterly index. Timeline controls above do not change this full-year view.

Carloads

STB reported · carloads

BNSF9,461,900

Tons

STB reported · tons

BNSF478,330,845

Gross freight revenue

STB reported · nominal USD

BNSF$23,805,078,386

Each measure has its own bar scale. Larger totals reflect scale of operations; they do not by themselves indicate efficiency or better performance.

Sources, formulas, and limits

Average employees

RailStats calculated · Quarterly Wage A&B

Sum of the six STB-reported occupational-group average-employee values. Quarterly average. Not a point-in-time headcount.

Operating revenue

RailStats calculated · Quarterly Revenue, Expenses & Income

Sum of five STB-reported operating-revenue line items. Quarterly nominal dollars.

Total capital expenditures

RailStats calculated · Quarterly Condensed Balance Sheet

STB-reported road expenditures plus STB-reported equipment expenditures. Quarter-only nominal dollars.

Index = selected-quarter value ÷ first-quarter value × 100. A zero, negative, or missing starting value cannot be indexed and is marked unavailable; later missing values break the line. Annual traffic uses the reported annual Freight Commodity Statistics totals.

Read methodology · Review official sources

How to read this view

Patterns can guide questions, not prove causes.

Reported facts, RailStats.org-calculated totals, and indexed values remain labeled separately. Annual traffic stays outside the quarterly overlay because its reporting period does not align.