Union Pacific CEO on Third-Quarter, Labor, Demand

The video discusses improvements in operational efficiency and the impact of inflation on costs, particularly in labor agreements. Despite some inefficiencies, the focus is on returning to normal operations. Labor agreements have led to increased costs, but they do not hinder efficiency improvements. The risk of a strike is low, with most unions having ratified agreements. Demand for rail services is expected to grow, although economic challenges and a potential recession pose headwinds.

What was one of the key measures used to assess operational efficiency in the third quarter?

• Customer satisfaction

• Employee productivity

• Fuel consumption

• Freight car velocity

How much was the labor cost impact in the third quarter due to incremental labor?

• $10 million

• $19 million

• $30 million

• $25 million

What is the probability of a strike according to the discussion?

• High

• Certain

• Moderate

• Low

Which new customer is mentioned as contributing to future growth?

• Schneider

• Union Pacific

• CSX

• BNSF

What economic trend is expected to pose a challenge to the rail industry?

• Technological advancements

• Increasing consumer demand

• Rising fuel prices

• Weakening economy