Question · Q4 2025
Chris Wetherby inquired about the sequential operating ratio perspective for the first quarter and any thoughts on revenue per day for Q1.
Answer
Adam Satterfield, CFO, projected Q1 revenue per day to start behind seasonality but hoped to close the gap. He estimated full Q1 revenue between $1.25 billion and $1.3 billion. For the operating ratio, he targeted an increase of 150 basis points from Q4 to Q1, with a potential ±20 basis points due to revenue uncertainty, aligning with the 10-year average sequential change.
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