CLAIM #59272 · Union Pacific Corporation (UNP) · 2022Q3 earnings call · Oct 20, 2022 · due Dec 31, 2023
“And again, I think we got to point this out. We are performing best at the top of the heap amongst our peers today, and I think we're going to repeat that again next year in terms of growth.”
Lance Fritz · CEO
In context
“e goal is to nail it once and then be done with it, right? The goal is we think that the business is set long term to be able to handle it. Now things could change, and you're pointing it out, Brandon. But they haven't changed yet to make us believe it's unachievable. More important to us right now is continued progress, get back on track of improving our margins and grow. And that's what we're focused on when we go into next year. Jennifer Hamann : Yes. And we really -- we think about it, too, in terms of setting us up to be competitive in the marketplace and win. That's what having that very solid competitive cost structure does for us. And that gives Kenny and his team the ability to go out there and win new business to leverage across that very efficient franchise. Lance Fritz : 100%. And again, I think we got to point this out. We are performing best at the top of the heap amongst our peers today, and I think we're going to repeat that again next year in terms of growth. Operator: The next question is from the line of Walter Spracklin with RBC Capital Markets. Walter Spracklin : Just keeping on the OR focus here. I know you underline reported on that guidance. And I can understand you're kind of adjusting it for the third quarter, given that you're putting in some prior period adjustments. But isn't the 60 OR, I mean, that's taking into effect prior period under accounting for labor. So isn't 60 the right number for this year? It shouldn't be reported or it's not a number we should adjust. Am I -- I know I'm going to get that confusion, and I know it's going to -- so I want to nip that in the bud now. Is that the right way to look at the 60 OR is the real number for this year and shouldn't be adjusted. Is that right? Jennifer Hamann : No, I wouldn't agree”
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SEC filings for UNP ↗ · Claim quote is verbatim from the 2022Q3 earnings call.