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 are the expectations for demand in rail transportation going into next year?

What challenges does the company anticipate in the upcoming year based on economic conditions?