“We look to further translate these gains into better derailment performance in the upcoming year.”

In context

“ading dividend payout of around 45% and returning excess cash through share repurchases. With our balance sheet currently leveraged at the desired levels, the amount of cash available for repurchases will be less than in prior years and predominantly funded from cash generation. With the New Year comes new opportunities and by focusing on what we can control, we are confident in our ability to provide strong value to all of our stakeholders in 2023. So, with that, I will turn it back to Lance. Lance Fritz: Thank you, Jennifer. Let’s wrap up on Slide 24. We made great strides on personal safety in 2022 and it’s imperative we continue that momentum. The commitment made by our employees to care for one another has been exceptional, resulting in our best employee safety metrics in five years. We look to further translate these gains into better derailment performance in the upcoming year. We understand that safety is about culture and it’s about engagement, listening to and responding to our employees needs and ideas will continue to improve our safety performance. Our robust hiring pipeline and improving network fluidity strengthen crew availability. That leads to a more efficient and better service product that enables us to recapture lost productivity. Over the past couple of years, we have demonstrated our commitment to customer-centered growth as reflected in business development wins, and while growth in 2023 may be challenging given the uncertainty of the economic backdrop, we will continue to make strategic capital investments in support of our long-term growth objectives. Our fundamentals for long-term success have not changed, powered by our best-in-industry empl”