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BNSF's third-quarter earnings rose 19.3% to $1.73 billion as higher freight volumes and improved operating efficiencies helped offset increased fuel costs. The railroad's net earnings increased from $1.45 billion in the third quarter of 2025, parent company Berkshire Hathaway (NYSE: BRK-B) reported. Railroad operating revenue climbed 14.7% to $6.87 billion, while car and unit volumes rose 3.9%, for the period ended Sept. 30. The results extended BNSF's earnings growth for the year. Through September, net earnings reached $4.66 billion, up 13% from $4.13 billion in the first nine months of 2025. Berkshire attributed the improvement to higher freight volumes and operating efficiencies, partly offset by rising fuel expenses.
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