----

----

----

----

| x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|---------------------------------------------------------------------------------------------------|

| o | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------------|

| Delaware                                                                |   | 41-6034000                                    |
|-------------------------------------------------------------------------|--------|-----------------------------------------------|
| (State      or other jurisdictionof      incorporation or organization) |   | (I.R.S.      EmployerIdentification      No.) |

| Class                              |    | SharesOutstanding      atOctober      13, 2009 |
|------------------------------------|--------------|------------------------------------------------|
| Common      stock, $1.00 par value |    | 1,000 shares                              |

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Table ofContents

| PART      I  | FINANCIAL      INFORMATION                                      | PAGE   |
|--------------|----------------------------------------------------------------------|--------|
| Item 1.      | Financial Statements.                                                | 3      |
| Item 2.      | Management’s Narrative Analysis of Results of      Operations. | 28     |
| Item 4.      | Controls and Procedures.                                        | 33     |
| PART      II | OTHER      INFORMATION                                          |   |
| Item 1.      | Legal Proceedings.                                                   | 34     |
| Item 6.      | Exhibits.                                                            | 34     |
| Signatures   |                                                                 | S-1    |
| Exhibits     |                                                                 | E-1    |

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Table of Contents

PART I

Item 1.    Financial Statements.

|                                  |   | Three      Months Ended |   | Nine      Months Ended |
|---------------------------------------|--------|-------------------------|--------|------------------------|
|                                  |   | September      30,      |   | September      30,     |
|                                  |   | 2009                    |   | 2008                   |   | 2009 |   | 2008 |
| Revenues                              | $      | 3,549                   | $      | 4,837                  | $ | 10,207 | $ | 13,468 |
|                                  |   |                    |   |                   |   |   |   |   |
| Operating      expenses:              |   |                    |   |                   |   |   |   |   |
| Compensation      and benefits        |   | 866                     |   | 1,008                  |   | 2,546 |   | 2,932 |
| Fuel                                  |   | 606                     |   | 1,349                  |   | 1,729 |   | 3,685 |
| Purchased      services               |   | 444                     |   | 512                    |   | 1,382 |   | 1,551 |
| Depreciation      and amortization    |   | 385                     |   | 348                    |   | 1,133 |   | 1,038 |
| Equipment      rents                  |   | 194                     |   | 229                    |   | 591 |   | 682 |
| Materials      and other              |   | 164                     |   | 194                    |   | 483 |   | 790 |
| Total      operating expenses         |   | 2,659                   |   | 3,640                  |   | 7,864 |   |  10,678 |
| Operating      income                 |   | 890                     |   | 1,197                  |   | 2,343 |   | 2,790 |
| Interest      expense                 |   | 15                      |   | 13                     |   | 92 |   | 70 |
| Interest      income, related parties |   | (1)                     |   | (7)                    |   | (1) |   | (14) |
| Other      expense, net               |   | 1                       |   | 7                      |   | 4 |   | 16 |
|                                  |   |                    |   |                   |   |   |   |   |
| Income      before income taxes  |   | 875                     |   | 1,184                  |   | 2,248 |   | 2,718 |
| Income      tax expense               |   | 329                     |   | 425                    |   | 854 |   | 1,015 |
| Net      income                       | $      | 546                     | $      | 759                    | $ | 1,394 | $ | 1,703 |
|                                  |

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|                                                                                                     |   | September      30, |      | December 31, |
|----------------------------------------------------------------------------------------------------------|--------|--------------------|--------------------------|-------------------|
|                                                                                                     |   | 2009               |                     | 2008              |
|                                                                                                     |   |               |                     |              |
| ASSETS                                                                                                   |   |               |                     |              |
| Current      assets:                                                                                     |   |               |                     |              |
| Cash      and cash equivalents                                                                           | $      | 14                 | $                        | 209               |
| Accounts      receivable, net                                                                            |   | 873                |                     | 873               |
| Materials      and supplies                                                                              |   | 522                |                     | 524               |
| Current      portion of deferred income taxes                                                            |   | 445                |                     | 434               |
| Other      current assets                                                                                |   | 402                |                     | 337               |
| Total      current assets                                                                                |   | 2,256              |                     | 2,377             |
|                                                                                                     |   |               |                     |              |
| Property      and equipment, net of accumulated depreciation of $10,447and $9,908,      respectively     |   | 32,122             |                     | 30,838            |
| Other      assets                                                                                        |   | 3,205              |                     | 2,910             |
| Total      assets                                                                                        | $      | 37,583             | $                        | 36,125            |
|                                                                                                     |   |               |                     |              |
| LIABILITIES      AND STOCKHOLDER’S EQUITY                                                          |   |               |                     |              |
| Current      liabilities:                                                                                |   |               |                     |              |
| Accounts      payable and other current liabilities                                                      | $      | 2,661              | $                        | 3,114             |
| Long-term      debt due within one year                                                                  |   | 323                |                     | 254               |
| Total      current liabilities                                                                           |   | 2,984              |                     | 3,368             |
|                                                                                                     |   |               |                     |              |
| Long-term      debt                                                                                      |   | 2,165              |                     | 1,821             |
| Deferred      income taxes                                                                               |   | 9,357              |                     | 8,672             |
| Pension      and retiree health and welfare liability                                                    |   | 1,020              |                     | 1,047             |
| Casualty      and environmental liabilities                                                              |   | 963                |                     | 959               |
| Employee      separation costs                                                                           |   | 55                 |                     | 57                |
| Other      liabilities                                                                                   |   | 1,749              |                     | 1,835             |
| Total      liabilities                                                                                   |   | 18,293             |                     | 17,759            |
| Commitments      and contingencies (see Notes 2, 4 and 5)                                                |   |               |                     |              |
| Stockholder’s      equity:                                                                         |   |               |                     |              |
| Common      stock, $1 par value, 1,000 shares authorized;issued      and outstanding and paid-in capital |   | 6,331              |                     | 6,331             |
| Retained      earnings                                                                                   |   | 14,246             |                     | 12,852            |
| Intercompany      notes receivable                                                                       |   | (694)              |                     | (6)               |
| Accumulated      other comprehensive loss                                                                |   | (593)              |                     | (811)             |
| Total      stockholder’s equity                                                                    |   | 19,290             |                     | 18,366            |
| Total      liabilities and stockholder’s equity                                                    | $      | 37,583             | $                        | 36,125            |
|                                                                                                     |

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Table of Contents

| Nine Months Ended September      30,                                              |   | 2009   |    | 2008    |
|---------------------------------------------------------------------------------------------|--------|------------------|---------|---------|
| OPERATING      ACTIVITIES                                                                   |   |             |    |    |
| Net      income                                                                             | $      | 1,394            |  $ | 1,703   |
| Adjustments      to reconcile net income to net cash provided by operating      activities: |   |             |    |    |
| Depreciation      and amortization                                                          |   | 1,133            |    | 1,038   |
| Deferred      income taxes                                                                  |   | 540              |    | 282     |
| Employee      separation costs paid                                                         |   | (10)             |    | (11)    |
| Long-term      casualty and environmental liabilities, net                                  |   | (31)             |    | 181     |
| Other,      net                                                                             |   | (43)             |    | (17)    |
| Changes      in current assets and liabilities:                                             |   |             |    |    |
| Accounts      receivable, net                                                               |   | 57               |    | (162)   |
| Change      in accounts receivable sales program                                            |   | (50)             |    | 278     |
| Materials      and supplies                                                                 |   | 2                |    | (46)    |
| Other      current assets                                                                   |   | (101)            |    | (153)   |
| Accounts      payable and other current liabilities                                         |   | (233)            |    | 316     |
| Net      cash provided by operating activities                                              |   | 2,658            |    | 3,409   |
| INVESTING      ACTIVITIES                                                                   |   |             |    |    |
| Capital      expenditures excluding equipment                                               |   | (1,665)          |    | (1,703) |
| Acquisition      of equipment                                                               |   | (615)            |    | (676)   |
| Proceeds      from sale of equipment financed                                               |   | 368              |    | 190     |
| Construction      costs for facility financing obligation                                   |   | (36)             |    | (38)    |
| Net      increase in intercompany notes receivable                                          |   | –          |    | (4)     |
| Other,      net                                                                             |   | (164)            |    | (141)   |
| Net      cash used for investing activities                                                 |   | (2,112)          |    | (2,372) |
| FINANCING      ACTIVITIES                                                                   |   |             |    |    |
| Proceeds      from issuance of long-term debt                                               |   | 75               |    | – |
| Payments      on long-term debt                                                             |   | (172)            |    | (174)   |
| Proceeds      from facility financing obligation                                            |   | 51               |    | 50      |
| Net      increase in intercompany notes receivable classified as    equity                  |   | (688)            |    | (921)   |
| Other,      net                                                                             |   | (7)              |    | – |
| Net      cash used for financing activities                                                 |   | (741)            |    | (1,045) |
| Decrease      in cash and cash equivalents                                                  |   | (195)            |    | (8)     |
| Cash      and cash equivalents:                                                             |   |             |    |    |
| Beginning      of period                                                                    |   | 209              |    | 24      |
| End      of period                                                                          | $      | 14               | $       | 16      |
| SUPPLEMENTAL      CASH FLOW INFORMATION                                                     |   |             |    |    |
| Interest      paid, net of amounts capitalized                                              | $      | 80               | $       | 84      |
| Income      taxes paid, net of refunds                                                      | $      | 443              | $       | 699     |
| Non-cash      asset financing                                                               | $      | 464              | $       | 79      |

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Table of Contents

|                                                                                                        |   | Common      Stock and Paid-in      Capital |    | Retained      Earnings |          | IntercompanyNotes      Receivable |   | Accumulated      Other Comprehensive Loss |   | Total      Stockholder’s      Equity |
|-------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|---------|------------------------|---------------|-----------------------------------|--------|-------------------------------------------|--------|--------------------------------------------|
| Balance      at December 31, 2008                                                                           |   | $                                          | 6,331   |                   |  $  | 12,852                            |   | $                                         | (6)    |                                       | $ | (811) |   | $ |     18,366 |
| Change      in intercompany notes receivable                                                                |   |                                       | – |                   |          | –                           |   | (688)                                     |   |                                       | – |   |   | (688) |
| Comprehensive      income:                                                                                  |   |                                       |    |                   |          |                              |   |                                      |   |                                       |   |   |   |   |
| Net      income                                                                                             |   |                                       | – |                   |          | 1,394                             |   | –                                   |   |                                       | – |   |   | 1,394 |
| Change      in unrecognized prior service credit and actuarial losses, net of tax      expense of $6        |   |                                       | – |                   |          | –                           |   | –                                   |   |                                       | 9 |   |   | 9 |
| Change      in fuel hedge mark-to-market and other items, net of tax expense of      $129                   |   |                                       | – |                   |          | –                           |   | –                                   |   |                                       | 208  |   |   | 208 |
| Change      in unrealized loss on securities held by equity method investees, net of      tax expense of $1 |   |                                       | – |                   |          | –                           |   | –                                   |   |                                       | 1  |   |   | 1  |
| Total      comprehensive income                                                                             |   |                                       |    |                   |          |                              |   |                                      |   |                                       |   |   |   |   | 1,612 |
| Balance      at September 30, 2009                                                                          |   | $                                          | 6,331   |                   | $        | 14,246                            |   | $                                         | (694)  |                                       | $ | (593) |   | $ |     19,290 |
|                                                                                                        |   |                                       |    |                   |          |                              |   |                                      |   |                                       |   |   |   |   |   |

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Table of Contents

|                            |   |   | September      30,2009 |   |   | December      31,2008 |   |
|---------------------------------|--------|--------|------------------------|--------|--------|-----------------------|--------|
| Short-term      hedge asset     |   | $      | 2                      |   | $      | −               |   |
| Long-term      hedge asset      |   |   | 6                      |   |   | −               |   |
| Short-term      hedge liability |   |   | (79                    | )      |   | (279                  | )      |
| Long-term      hedge liability  |   |   | (45                    | )      |   | (193                  | )      |
| Total    derivatives            |   | $      | (116                   | )      | $      | (472                  | )      |

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Table of Contents

| Fair      Value of Derivative Instruments                                            |                                                |
|--------------------------------------------------------------------------------------|-----------------------------------------------------|
|  Asset      Derivatives                                                    |                                                |
|                                                                                 | Balance      Sheet                                  |   | September      30, |   |   | December      31, |   |
|                                                                                 | Location                                            |   | 2009 |   |   | 2008 |   |
| Derivatives      designated as hedging instruments      under ASC 815-20             |                                                |   |   |   |   |   |   |
| Fuel      Contracts                                                                  | Other      current assets                           | $  |   | 4 |   | $  |   | − |   |
| Fuel      Contracts                                                                  | Other      assets                                   |   |   | 12 |   |   |   | − |   |
| Fuel      Contracts                                                                  | Accounts      payable and other current liabilities |   |   | 2 |   |   |   | − |   |
| Total      Asset Derivatives designated as hedging      instruments under ASC 815-20 | $                                              |   | 18 |   | $  |   | − |   |

|  Liability      Derivatives                                                    |                                                |
|------------------------------------------------------------------------------------------|-----------------------------------------------------|
|                                                                                     | Balance      Sheet                                  |   | September      30, |   |   | December      31, |   |
|                                                                                     | Location                                            |   | 2009 |   |   | 2008 |   |
| Derivatives      designated as hedging instruments      under ASC 815-20                 |                                                |   |   |   |   |   |   |
| Fuel      Contracts                                                                      | Other      current assets                           | $  |   | 2 |   | $  |   | − |   |
| Fuel      Contracts                                                                      | Other      assets                                   |   |   | 6 |   |   |   | − |   |
| Fuel      Contracts                                                                      | Accounts      payable and other current liabilities |   |   | 81 |   |   |   | 279 |   |
| Fuel      Contracts                                                                      | Other      liabilities                              |   |   | 45 |   |   |   | 193 |   |
| Total      Liability Derivatives designated as hedging      instruments under ASC 815-20 | $                                              |   | 134 |   | $  |   | 472 |   |

| The      Effect of Derivative Instruments Gains and Lossesfor      the Three Month Periods Ended September 30, 2009 and  2008 |
|-------------------------------------------------------------------------------------------------------------------------------|

| Derivatives      in ASC 815-20      Cash FlowHedging      Relationships |    | Amount      of Gain or (Loss) Recognized in OCI on Derivatives(Effective      Portion) |   | Location of Gainor (Loss) Recognized      from AOCL into      Income |   | Amount      of Gain or (Loss) Recognized from AOCL into      Income(Effective      Portion) |   | Location      of Gain or (Loss)      Recognized in Income      on Derivatives |   | Amount      of Gain or (Loss) Recognized in Income on Derivatives(Ineffective      Portion and AmountExcluded      fromEffectiveness      Testing)a |
|-------------------------------------------------------------------------|---------|----------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                    |    | 2009                                                                                   |   | 2008                                                                 |   |                                                                                             |   | 2009                                                                          |   | 2008                                                                                                                                                |   |   |   | 2009 |   | 2008 |
| FuelContracts                                                           |  $ | (20)                                                                              | $      | (136)                                                           |   | Fuel      expense                                                                                | $      | (38)                                                                     | $      | 17                                                                                                                                             |   | Fuel      expense | $ | 3  | $ | (6)   |
| Total      derivatives                                                  |  $ | (20)                                                                         | $      | (136)                                                      |   |                                                                                             | $      | (38)                                                                     | $      | 17                                                                                                                                             |   |   | $ | 3  | $ | (6)   |
|                                                                    |    |                                                                                   |   |                                                                 |   |                                                                                             |   |                                                                          |   |                                                                                                                                                |   |   |   |   |   |   |

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Table of Contents

| The      Effect of Derivative Instruments Gains and Lossesfor      the Nine Month Periods Ended September 30, 2009 and  2008 |
|------------------------------------------------------------------------------------------------------------------------------|

| Derivatives      in ASC 815-20      Cash FlowHedging      Relationships |   | Amount      of Gain or (Loss) Recognized in OCI on Derivatives(Effective      Portion) |   | Location of Gainor(Loss) Recognized      from AOCL into      Income |   | Amount      of Gain or (Loss) Recognized from AOCL into      Income(Effective      Portion) |   | Location      of Gain or (Loss) Recognized in Income      on Derivatives |   | Amount      of Gain or (Loss) Recognized in Income on Derivatives(Ineffective      Portion and AmountExcluded      fromEffectiveness      Testing)a |
|-------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                    |   | 2009                                                                                   |   | 2008                                                                |   |                                                                                             |   | 2009                                                                     |   | 2008                                                                                                                                                |   |   |   | 2009 |   | 2008 |
| FuelContracts                                                           | $      | 152                                                                               | $      | (16)                                                      |   | Fuel      expense                                                                                | $      | (204)                                                          | $      | 50                                                                                                                                             |   | Fuel      expense | $ | 19  | $ | (6)   |
| Total      derivatives                                                  | $      | 152                                                                               | $      | (16)                                                      |   |                                                                                             | $      | (204)                                                          | $      | 50                                                                                                                                             |   |   | $ | 19  | $ | (6)   |
|                                                                    |   |                                                                                   |   |                                                                |   |                                                                                             |   |                                                                     |   |                                                                                                                                                |   |   |   |   |   |   |

|                                        |   | September      30, |   | December      31, |
|---------------------------------------------|--------|--------------------|--------|-------------------|
|                                        |   | 2009               |   | 2008              |
|                                        |   |               |   |              |
| Settled      fuel-hedging contracts payable |   | $$                 | (38)   |              | $$ | (38) |

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Table of Contents

|                                 |   | Quarter      Ending |    |          |   |
|--------------------------------------|--------|---------------------|---------|---------------|--------|
| 2010                                 |   | March      31,      |    | June      30, |   | September      30, |   | December      31, |   | Annual |   |
| HO      Swaps                        |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gallons      hedged (in millions)    |   |                | 5.60    |          |   | 8.35 |   |   | 6.10 |   |   | 6.50 |   |   | 26.55 |   |
| Average      swap price (per gallon) |   | $                   | 1.79    |          | $      | 1.81 |   | $ | 1.87 |   | $ | 1.93 |   | $ | 1.85 |   |
| Fair      value (in millions)        |   | $                   | − |          | $      | 1 |   | $ | 1 |   | $ | 1 |   | $ | 3 |   |

|                                 |   | Quarter      Ending |   |          |   |
|--------------------------------------|--------|---------------------|--------|---------------|--------|
| 2011                                 |   | March      31,      |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
| HO      Swaps                        |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gallons      hedged (in millions)    |   |                | 8.30   |          |   | 8.30 |   |   | 7.50 |   |   | 7.50 |   |   | 31.60 |   |
| Average      swap price (per gallon) |   | $                   | 1.91   |          | $      | 1.89 |   | $ | 1.95 |   | $ | 2.01 |   | $ | 1.94 |   |
| Fair      value (in millions)        |   | $                   | 2      |          | $      | 2 |   | $ | 1 |   | $ | 1 |   | $ | 6 |   |

|                                 |   | Quarter      Ending |   |          |   |
|--------------------------------------|--------|---------------------|--------|---------------|--------|
| 2012                                 |   | March      31,      |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
| HO      Swaps                        |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gallons      hedged (in millions)    |   |                | 17.20  |          |   | 2.00 |   |   | − |   |   | − |   |   | 19.20 |   |
| Average      swap price (per gallon) |   | $                   | 2.08   |          | $      | 2.18 |   | $ | − |   | $ | − |   | $ | 2.09 |   |
| Fair      value (in millions)        |   | $                   | 2      |          | $      | − |   | $ | − |   | $ | − |   | $ | 2 |   |

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|                                         |   | Quarter      Ending |   |
|----------------------------------------------|--------|---------------------|--------|
| 2009                                         |   | December      31,   |   |
| WTI      Swaps                               |   |                |   |   |
| Barrels      hedged (in thousands)           |   |                | 1,425  |   |
| Equivalent      gallons hedged (in millions) |   |                | 59.85  |   |
| Average      swap price (per barrel)         |   | $                   | 75.72  |   |
| Fair      value (in millions)                |   | $                   | (7     | ) |
|                                         |   |                |   |   |
| WTI      Costless Collars                    |   |                |   |   |
| Barrels      hedged (in thousands)           |   |                | 475    |   |
| Equivalent      gallons hedged (in millions) |   |                | 19.95  |   |
| Average      cap price (per barrel)          |   | $                   | 135.46 |   |
| Average      floor price (per barrel)        |   | $                   | 125.38 |   |
| Fair      value (in millions)                |   | $                   | (25    | ) |

|                                         |   | Quarter      Ending |   |          |   |
|----------------------------------------------|--------|---------------------|--------|---------------|--------|
| 2010                                         |   | March      31,      |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
| WTI      Swaps                               |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 1,210  |          |   | 1,110 |   |   | 1,125 |   |   | 1,235 |   |   | 4,680 |   |
| Equivalent      gallons hedged (in millions) |   |                | 50.82  |          |   | 46.62 |   |   | 47.25 |   |   | 51.87 |   |   | 196.56 |   |
| Average      swap price (per barrel)         |   | $                   | 85.05  |          | $      | 87.89 |   | $ | 87.82 |   | $ | 86.27 |   | $ | 86.71 |   |
| Fair      value (in millions)                |   | $                   | (15    | )             | $      | (15 | ) | $ | (14 | ) | $ | (12 | ) | $ | (56 | ) |
|                                         |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Costless Collars                    |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 420    |          |   | 420 |   |   | 420 |   |   | 320 |   |   | 1,580 |   |
| Equivalent      gallons hedged (in millions) |   |                | 17.64  |          |   | 17.64 |   |   | 17.64 |   |   | 13.44 |   |   | 66.36 |   |
| Average      cap price (per barrel)          |   | $                   | 78.23  |          | $      | 79.79 |   | $ | 81.33 |   | $ | 82.84 |   | $ | 80.40 |   |
| Average      floor price (per barrel)        |   | $                   | 72.35  |          | $      | 73.84 |   | $ | 75.15 |   | $ | 76.54 |   | $ | 74.34 |   |
| Fair      value (in millions)                |   | $                   | (1     | )             | $      | (1 | ) | $ | (1 | ) | $ | (1 | ) | $ | (4 | ) |

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Table of Contents

|                                         |   | Quarter      Ending |   |          |   |
|----------------------------------------------|--------|---------------------|--------|---------------|--------|
| 2011                                         |   | March      31,      |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
| WTI      Swaps                               |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 995    |          |   | 1,000 |   |   | 1,005 |   |   | 1,055 |   |   | 4,055 |   |
| Equivalent      gallons hedged (in millions) |   |                | 41.79  |          |   | 42.00 |   |   | 42.21 |   |   | 44.31 |   |   | 170.31 |   |
| Average      swap price (per barrel)         |   | $                   | 85.59  |          | $      | 85.20 |   | $ | 85.52 |   | $ | 85.88 |   | $ | 85.55 |   |
| Fair      value (in millions)                |   | $                   | (8     | )             | $      | (8 | ) | $ | (7 | ) | $ | (8 | ) | $ | (31 | ) |
|                                         |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Costless Collars                    |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 200    |          |   | 200 |   |   | 200 |   |   | 200 |   |   | 800 |   |
| Equivalent      gallons hedged (in millions) |   |                | 8.40   |          |   | 8.40 |   |   | 8.40 |   |   | 8.40 |   |   | 33.60 |   |
| Average      cap price (per barrel)          |   | $                   | 84.00  |          | $      | 84.70 |   | $ | 85.39 |   | $ | 86.10 |   | $ | 85.05 |   |
| Average      floor price (per barrel)        |   | $                   | 77.75  |          | $      | 78.40 |   | $ | 79.05 |   | $ | 79.70 |   | $ | 78.73 |   |
| Fair      value (in millions)                |   | $                   | (1     | )             | $      | (1 | ) | $ | (1 | ) | $ | (1 | ) | $ | (4 | ) |

|                                         |   | Quarter      Ending |    |          |   |
|----------------------------------------------|--------|---------------------|---------|---------------|--------|
| 2012                                         |   | March      31,      |    | June      30, |   | September      30, |   | December      31, |   | Annual |   |
| WTI      Swaps                               |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 205     |          |   | 200 |   |   | − |   |   | − |   |   | 405 |   |
| Equivalent      gallons hedged (in millions) |   |                | 8.61    |          |   | 8.40 |   |   | − |   |   | − |   |   | 17.01 |   |
| Average      swap price (per barrel)         |   | $                   | 76.95   |          | $      | 77.52 |   | $ | − |   | $ | − |   | $ | 77.23 |   |
| Fair      value (in millions)                |   | $                   | − |          | $      | − |   | $ | − |   | $ | − |   | $ | − |   |

|                                         |   | Quarter      Ending |    |          |   |
|----------------------------------------------|--------|---------------------|---------|---------------|--------|
| 2010                                         |   | March      31,      |    | June      30, |   | September      30, |   | December      31, |   | Annual |   |
| HO-WTI      Swaps                            |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 115     |          |   | 90 |   |   | 45 |   |   | − |   |   | 250 |   |
| Equivalent      gallons hedged (in millions) |   |                | 4.83    |          |   | 3.78 |   |   | 1.89 |   |   | − |   |   | 10.50 |   |
| Average      swap price (per barrel)         |   | $                   | 7.70    |          | $      | 7.95 |   | $ | 9.20 |   | $ | − |   | $ | 8.06 |   |
| Fair      value (in millions)                |   | $                   | − |          | $      | − |   | $ | − |   | $ | − |   | $ | − |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | Guarantees                     |   |                            |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | BNSF      Ownership Percentage |   | PrincipalAmount      Guaranteed |   | MaximumFuture      Payments |   | MaximumRecourseAmounta |   | Remaining      Term(in      years) |   | Capitalized      Obligations |   |
| Kinder      Morgan Energy Partners, L.P.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 0.5%                           |   | $                               | 190    |   | $ | 190 |   | $ | – |   | Termination      of Ownership |   | $ | – |   |
| Kansas      City Terminal Intermodal Transportation Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 0.0%                           |   | $                               | 48     |   | $ | 67 |   | $ | 67 |   | 9 |   | $ | 27 | b |
| Westside      Intermodal Transportation Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 0.0%                           |   | $                               | 37     |   | $ | 55 |   | $ | – |   | 14 |   | $ | 29 | b |
| The      Unified Government of Wyandotte County/Kansas City, Kansas                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 0.0%                           |   | $                               | 12     |   | $ | 17 |   | $ | – |   | 14 |   | $ | 9 | b |
| Chevron      Phillips Chemical Company, LP                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 0.0%                           |   |                            | N/Ad   |   |   | N/Ad |   |   | N/Ad |   | 8 |   | $ | 11 | c |
| Various      lessors(Residual      value guarantees)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 0.0%                           |   |                            | N/A    |   | $ | 270 |   | $ | 270 |   | Various |   | $ | 68 | c |
| All      other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 0.0%                           |   | $                               | 4      |   | $ | 4 |   | $ | 1 |   | Various |   | $ | – |   |
| a      Reflects the maximum amount the Company could recover from a third party      other than the counterparty.b      Reflects capitalized obligations that are recorded on the Company’s      Consolidated Balance Sheet.c      Reflects the asset and corresponding liability for the fair value of these      guarantees required by authoritative accounting guidance related to      guarantees.d      There is no cap to the liability that can be sought from BNSF for BNSF’s      negligence or the negligence of the indemnified party. However, BNSF could      receive reimbursement from certain insurance policies if the liability      exceeds a certain amount. |

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|                                 |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
|--------------------------------------|--------|-------------------------------------------|--------|------------------------------------------|
|                                 |   | 2009                                      |   | 2008                                     |   | 2009 |   | 2008 |
| Beginning      balance               |   | $                                         | 244    |                                     | $ | 261 |   | $ | 251 |   | $ | 270 |
| Accruals                             |   | –                                   |   |                                     | – |   | – |   |   | – |
| Payments                             |   | (3)                                       |   |                                     | (5) |   | (10) |   |   | (14) |
| Ending      balance at September 30, |   | $                                         | 241    |                                     | $ | 256 |   | $ | 241 |   | $ | 256 |

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|                                                 |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
|------------------------------------------------------|--------|-------------------------------------------|--------|------------------------------------------|
|                                                 |   | 2009                                      |   | 2008                                     |   | 2009 |   | 2008 |
| Claims      unresolved at beginning of period        |   | 1,750                                     |   | 1,800                                    |   | 1,833 |   |    1,781 |
| Claims      filed                                    |   | 89                                        |   | 143                                      |   | 236 |   | 415 |
| Claims      settled, dismissed or otherwise resolved |   | (96)                                      |   | (83)                                     |   |      (326)  |   |      (336)  |
| Claims      unresolved at September 30,              |   |      1,743       |   | 1,860                                    |   | 1,743 |   | 1,860 |

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|                                 |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
|--------------------------------------|--------|-------------------------------------------|--------|------------------------------------------|
|                                 |   | 2009                                      |   | 2008                                     |   | 2009 |   | 2008 |
| Beginning      balance               |   | $                                         | 436    |                                     | $ | 474 |   | $ | 442 |   | $ | 439 |
| Accruals                             |   | 22                                        |   |                                     | 34 |   | 76 |   |   | 136 |
| Payments                             |   | (28)                                      |   |                                     | (37) |   | (88) |   |   | (104) |
| Ending      balance at September 30, |   | $                                         | 430    |                                     | $ | 471 |   | $ | 430 |   | $ | 471 |

|                                                 |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
|------------------------------------------------------|--------|-------------------------------------------|--------|------------------------------------------|
|                                                 |   | 2009                                      |   | 2008                                     |   | 2009 |   | 2008 |
| Claims      unresolved at beginning of period        |   | 3,155                                     |   | 3,941                                    |   | 3,349 |   | 3,322 |
| Claims      filed                                    |   | 1,175                                     |   | 994                                      |   | 2,632 |   | 3,441 |
| Claims      settled, dismissed or otherwise resolved |   | (834)                                     |   | (861)                                    |   | (2,485) |   | (2,689) |
| Claims      unresolved at September 30,              |   | 3,496                                     |   | 4,074                                    |   | 3,496 |   | 4,074 |

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|                                 |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
|--------------------------------------|--------|-------------------------------------------|--------|------------------------------------------|
|                                 |   | 2009                                      |   | 2008                                     |   | 2009 |   | 2008 |
| Beginning      balance               |   | $                                         | 529    |                                     | $ | 545 |   | $ | 546  |   | $ | 380 |
| Accruals                             |   | 32                                        |   |                                     | 26 |   | 60 |   |   | 223 |
| Payments                             |   | (24)                                      |   |                                     | (28) |   | (69)  |   |   | (60) |
| Ending      balance at September 30, |   | $                                         | 537    |                                     | $ | 543 |   | $ | 537  |   | $ | 543 |

|                                        |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
|---------------------------------------------|--------|-------------------------------------------|--------|------------------------------------------|
| BNSF      Railway Sites                     |   | 2009                                      |   | 2008                                     |   | 2009 |   | 2008 |
| Number      of sites at beginning of period |   | 318                                       |   | 350                                      |   | 336 |   | 346 |
| Sites      added during the period          |   | −                                   |   | 4                                        |   | 9 |   | 16 |
| Sites      closed during the period         |   | (2)                                       |   | (14)                                     |   | (29) |   |  (22) |
| Number      of sites at September 30,       |   | 316                                       |   | 340                                      |   | 316 |   | 340 |

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| Nine      Months Ended September 30, |   | 2009   |   | 2008   |
|--------------------------------------|--------|--------|--------|--------|
| Beginning      balance at January 1, |   | $      | 79     |   | $ | 91 |
| Accruals                             |   |   | 12     |   |   | 3 |
| Payments                             |   |   | (10)   |   |   | (11) |
| Ending      balance at September 30, |   | $      | 81     |   | $ | 83 |

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|                                |   | Pension      Benefits                     |
|-------------------------------------|--------|-------------------------------------------|
|                                |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
| Net      Cost                       |   | 2009                                      |   | 2008 |   | 2009 |   | 2008 |
| Service      cost                   |   | $                                         | 7 |   | $ | 7 |   | $ | 21 |   | $ | 19 |
| Interest      cost                  |   | 25                                        |   | 25 |   | 76 |   | 76 |
| Expected      return on plan assets |   | (27)                                      |   | (28) |   | (80) |   | (84) |
| Amortization      of net loss       |   | 7                                         |   | 4 |   | 19 |   | 12 |
| Net      cost recognized            |   | $                                         | 12 |   | $ | 8 |   | $ | 36 |   | $ | 23 |

|                                      |   | Retiree      Health and Welfare Benefits  |
|-------------------------------------------|--------|-------------------------------------------|
|                                      |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
| Net      Cost                             |   | 2009                                      |   | 2008 |   | 2009 |   | 2008 |
| Service      cost                         |   | $                                         | 1 |   | $ | 1 |   | $ | 2 |   | $ | 2 |
| Interest      cost                        |   | 4                                         |   | 4 |   | 11 |   | 13 |
| Amortization      of net loss             |   | −                                   |   | 1 |   | 1 |   | 3 |
| Amortization      of prior service credit |   | (1)                                       |   | (1) |   | (4) |   | (5) |
| Net      cost recognized                  |   | $                                         | 4 |   | $ | 5 |   | $ | 10 |   | $ | 13 |

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|                                                                                                |   | Three      Months EndedSeptember      30, |   | Nine      Months EndedSeptember      30, |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|------------------------------------------|
|                                                                                                |   | 2009                                      |   | 2008                                     |   | 2009 |   | 2008 |
| Net      income                                                                                     | $      | 546                                       | $      | 759                                      | $ | 1,394 | $ | 1,703 |
| Other      comprehensive income:                                                                    |   |                                      |   |                                     |   |   |   |   |
| Change      in unrecognized prior service credit and actuarial losses, net of tax (see      Note 7) |   | 3                                         |   | 2                                        |   | 9 |   | 6 |
| Change      in fuel hedge mark-to-market and other items, net of tax (see Note      2)              |   | 8                                         |   | (89)                                     |   | 208 |   | (36) |
| Change      in unrealized loss on securities held by equity method investees, net of      tax       |   | 1                                         |   | (1)                                      |   | 1 |   |   (1) |
| Total      comprehensive income                                                                     | $      | 558                                       | $      | 671                                      | $ | 1,612 | $ | 1,672 |

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|                                                                                      |   | September      30, 2009 |   | December      31, 2008 |
|-------------------------------------------------------------------------------------------|--------|-------------------------|--------|------------------------|
| Unrecognized      prior service credit and actuarial losses, net of tax (see Note      7) | $      | (514)                   | $      | (523)                  |
| Fuel/interest      hedge mark-to-market and other items, net of tax (see Note    2)       |   | (73)                    |   | (281)                  |
| Unrealized      loss on securities held by equity method investees, net of    tax         |   | (6)                     |   | (7)                    |
| Total      Accumulated other comprehensive loss                                           | $      | (593)                   | $      | (811)                  |

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 Item 2.    Management’s Narrative Analysis ofResults of Operations.

|                          |          | Revenues(in      millions) |          | Cars      / Units(in      thousands) |   |   | Average      RevenuePer      Car / Unit |
|-------------------------------|---------------|----------------------------|---------------|--------------------------------------|--------|--------|-----------------------------------------|
|                          |          | 2009                       |          | 2008                                 |   | 2009   |                                    | 2008 |   |   | 2009 |   | 2008 |
| Consumer      Products        | $   | 3,176                      | $   | 4,643                                |   | 2,912  |                                    | 3,655 |   | $  | 1,091 | $   | 1,270 |
| Coal                          |          | 2,678                      |          | 2,903                                |   | 1,820  |                                    | 1,868 |   |   | 1,471 |   | 1,554 |
| Industrial      Products      |          | 2,152                      |          | 3,109                                |   | 888    |                                    | 1,245 |   |   | 2,423 |   | 2,497 |
| Agricultural      Products    |          | 2,012                      |          | 2,603                                |   | 686    |                                    | 817 |   |   | 2,933 |   | 3,186 |
| Total      Freight Revenues   |          | 10,018                     |          | 13,258                               |   | 6,306  |                                    | 7,585 |   | $  | 1,589 | $   | 1,748 |
| Other      Revenues           |          | 189                        |          | 210                                  |   |   |                                    |   |   |   |   |   |   |
| Total      Operating Revenues | $   | 10,207                     | $   | 13,468                               |   |   |                                    |   |   |   |   |   |   |

|                      |   | 2009                                |   | 2008   |
|---------------------------|--------|-------------------------------------|--------|--------|
|                      |   |                                |   |   |
| Total      fuel expense a | $      |      1,729 | $      | 3,685  |
| BNSF      fuel surcharges | $      | 859                                 | $      | 2,500  |

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| • | Expectations as to      operating results, such as revenues and earnings;                                                                     |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                               |
| • | Expectations as to      the effect on the Company’s financial condition of claims, litigation,      environmental and personal injury costs, |
|    | commitments,      contingent liabilities, U.S. Surface Transportation Board and other      governmental and regulatory investigations and          |
|    | proceedings, and      changes in the economic laws and regulations applicable to the rail      industry;                            |
|    |                                                                                                                                               |
| • | Plans and goals for      future operational improvements and capital commitments;    and                                                      |
|    |                                                                                                                                               |
| • | Current or future      volatility in the credit market and future market conditions or economic      performance.                             |

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Item 4.    Controls and Procedures.

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BNSF RAILWAY COMPANY and SUBSIDIARIES

Item 6.    Exhibits.

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SIGNATURES

|   |   |                                                                                                                                                  |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   | BNSF      Railway Company (Registrant)                                                                                                                |   |
|   |   |                                                                                                                                                  |   |
|        | By:    | /s/    Thomas      N. Hund                                                                |   |
|   |   | Thomas      N. HundExecutive      Vice President and Chief Financial Officer(On      behalf of the Registrant andas      principal financial officer) |   |

| Dated:  October      23, 2009 |
|-----------------------------------------|

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BNSF RAILWAY COMPANY and SUBSIDIARIES

|   |   |   |                                                                                                                |   | Incorporated by Reference(if      applicable) |
|--------|--------|--------|---------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|
|   |   |   | Exhibit Number and    Description                                                                                   |   | Form                                          | File Date | File No. | Exhibit |
|   |   |   |                                                                                                                |   |                                          |   |   |   |
|   | 3.1    |   | Restated      Certificate of Incorporation of BNSF Railway Company, dated January 17,      2005.                    |   | 10-Q                                          | 7/26/2005 | 001-06324 | 3.1 |
|   |   |   |                                                                                                                |   |                                          |   |   |   |
|   | 3.2    |   | By-Laws      of BNSF Railway Company, as amended August 30, 2005.                                                   |   | 10-Q                                          | 10/25/2005 | 001-06324 | 3.1 |
|   |   |   |                                                                                                                |   |                                          |   |   |   |
|   | 12.1   |   | Computation of Ratio of Earnings to Fixed      Charges.*                                                            |   |                                          |   |   |   |
|   |   |   |                                                                                                                |   |                                          |   |   |   |
|   | 31.1   |   | Principal Executive Officer’s Certifications Pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002.* |   |                                          |   |   |   |
|   |   |   |                                                                                                                |   |                                          |   |   |   |
|   | 31.2   |   | Principal Financial Officer’s Certifications Pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002.* |   |                                          |   |   |   |
|   |   |   |                                                                                                                |   |                                          |   |   |   |
|   | 32.1   |   | Certification Pursuant to 18 U.S.C. § 1350 (Section 906      of the Sarbanes-Oxley Act of 2002).*              |   |                                          |   |   |   |
|   |   |   |                                                                                                                |   |                                          |   |   |   |
|   |   |   |                                                                                                                |   |                                          |   |   |   |

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