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CLAIM #59236 · Union Pacific Corporation (UNP) · 2022Q3 earnings call · Oct 20, 2022 · due Dec 31, 2022

And we expect growth in Automotive to be driven by improving supply for parts and inventory replenishment.

Kenny Rocker · EVP Marketing and Sales

PENDING
graded after results covering Dec 31, 2022 are reported

In context

on the available resources. And our outlook for grain is also dependent on our service recovery. But as we've mentioned before, we have a tough comp in the fourth quarter as exports were strong last year. Moving on to Industrial. The forecast for industrial production is decelerating, and demand is softening in forest products. However, we expect construction to be a positive due to strong project demand in the south. And lastly, for premium, we are closely monitoring domestic intermodal demand as spot truck rates fall and inventories climb. We expect parcel and truckload demand to remain soft as consumer preferences have shifted more to experiences versus goods. We're also watching the international markets closely, but we expect to be positive in the fourth quarter due to easier comps. And we expect growth in Automotive to be driven by improving supply for parts and inventory replenishment. Overall, we still foresee a favorable demand environment for the fourth quarter. Crew availability continues to improve, which will help us capture more growth and support our business development wins as we head into 2023. With that, I'll turn it over to Eric to review our operational performance. Eric Gehringer: Thanks, Kenny, and good morning. Turning to Slide 9. Our year-to-date safety results are demonstrating meaningful and sustained improvement compared to 2021. Safety impacts every facet of our business: our employees, our customers and our shareholders. While our safety management system is promoting the right culture, our #1 priority remains returning every employee home safely at the end of the day. Taking a look at our current network performance on Slide 10. Our operating met

Verify independently

SEC filings for UNP · Claim quote is verbatim from the 2022Q3 earnings call.