Union Pacific CEO on First-Quarter, Labor Negotiations

The transcript discusses Union Pacific's financial performance, highlighting that while financial expectations were exceeded, operational standards were not met. The impact of energy market disruptions, such as increased coal shipments and fuel costs, is examined. The potential freight recession and changes in rail volume are analyzed, along with labor shortages and operational challenges. Concerns about a possible port strike and security improvements in Los Angeles are addressed. The discussion also covers supply chain issues and economic shifts post-pandemic, as well as future growth opportunities and ongoing labor negotiations.

What were the expectations that were not met operationally in the quarter?

How did fuel costs impact the company's operations during the quarter?

What factors contributed to the potential freight recession mentioned?

What measures are being taken to address the issues with labor availability?

What improvements have been made regarding the security of freight cars?

How has the supply chain been affected by the increase in consumer demand?

What is the biggest opportunity for growth identified for the company?