CLAIM #59262 · Union Pacific Corporation (UNP) · 2022Q3 earnings call · Oct 20, 2022 · due Dec 31, 2023
“We think there's a path to do that without a substantial or kind of meaningful impact on overall headcount requirement because what we're trying to do is we're trying to make availability of employees flat across the week, right?”
Lance Fritz · CEO
In context
“ure -- but again, it's a couple of hundred people, and it's viable, and it's something that we can rely on. Jennifer Hamann: But David, I think it's important to remember, and Eric said this, we still expect that we can be volume variable even with those agreements. So we're going to see volumes exceed whichever -- what happens in the economy, you won't see headcount grow to the same extent. Lance Fritz : 100%. One last thing to note, David. We got to step a little carefully here. We've committed and we've started and been in negotiation with some of our crafts, the unscheduled jobs specifically to try to find ways to get scheduled time off. Part of the PEB and this negotiation address that, but it's a far bigger issue that needs to be addressed on property in job design. That's underway. We think there's a path to do that without a substantial or kind of meaningful impact on overall headcount requirement because what we're trying to do is we're trying to make availability of employees flat across the week, right? So you don't get spikes in crew availability and layoffs. And the way you do that is you make time off predictable, and we think that trade-off is feasible. We think it's absolutely going to be happening. We don't think there's a large impact on employment through that. Jennifer Hamann : And it could actually give us better crew availability. Lance Fritz : 100%. Jennifer Hamann : That gives us opportunities. Operator: Next question is from the line of Ravi Shanker with Morgan Stanley. Ravi Shanker : So I get that you're -- obviously, it's too early to give us 2023 guidance or anything, and then you did reiterate your commitment to the long-term targets. But Lance, I just wanted to get a sense with all of the moving parts you see right now, are you confident that you guys can get pricing o”
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SEC filings for UNP ↗ · Claim quote is verbatim from the 2022Q3 earnings call.