Union Pacific CEO Says Freight Down on Rail Specific Impacts

The video discusses the challenges faced by the railroad industry, including competition with trucks, tariff impacts, and local sand displacement. Despite these challenges, the company remains confident in its business model and transformation plans, such as the Unified Plan 2020, which aims to improve service efficiency. The focus is on providing reliable service and managing costs through the PSR model. Additionally, the company outlines its strategy for returning capital to shareholders through dividends and share buybacks.

What are the expected productivity gains mentioned for the second half of the year?

How does the speaker justify the share buybacks and their impact on shareholders?