CLAIM #59265 · Union Pacific Corporation (UNP) · 2022Q3 earnings call · Oct 20, 2022 · due Dec 31, 2022
“We expect our international intermodal business to be up in the fourth quarter.”
Kenny Rocker · EVP Marketing and Sales
In context
“ersus ongoing? Jennifer Hamann : Yes, Ken, let me start with that, and then we'll give it to Kenny. So on the real estate side, we called out that we had a sale with -- I don't think I said this in my remarks, but that we had a real estate sale that impacted other income. We said that, that real estate income was $35 million. The pension benefit, that was actually probably about, call it, $14 million, $15 million higher year-over-year. That's something that we have seen through most of the year and maybe not quite to that magnitude, but should continue into the fourth quarter to a degree. But the real estate piece is the one that I would consider more onetime-ish. Kenny Rocker: Yes. So I've mentioned this a little bit earlier on our premium side. It really is a mixed bag as we look at it. We expect our international intermodal business to be up in the fourth quarter. Domestic intermodal, we're going to be looking at that closely. I talked about the shift in preferences. Now I want to mix up fourth quarter and 2023. Looking into 2023, we've made it clear we've got another large private asset customer coming on base, which is a positive for us. How do you win in this type of market, it's all the investments that we're making. We feel good about the increased ramp capacity that we're putting on. We feel great about the tech that we're pushing up against the intermodal network in terms of precision gate technology, which will be great for our -- the driver experiences there, quite a bit of investment, both line of road that's over there in terms of sidings that will be lengthened. We are putting quite a bit of investment up against that intermodal network”
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SEC filings for UNP ↗ · Claim quote is verbatim from the 2022Q3 earnings call.