MAAT INDEX

CLAIM #59316 · Union Pacific Corporation (UNP) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2023

As the supply chain has healed, as we are seeing a little bit of softness in that Intermodal market, we have seen accessorials come down a bit. They were down a little bit for us here in the fourth quarter and that would probably be my expectation going into 2023 as well.

Jennifer Hamann · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

n as you do that and as the network hills, that gives us more opportunities on the volume side. We still know we are mixing Bulk loads today. So those are opportunities for us to get more leverage across that cost base. And then, obviously, there’s fuel, which I mentioned before and we will see how that plays out. But right now, we are certainly playing a little bit less, call it, $0.40 or so less than what we were paying a year ago or what we paid for the full year 2022. So those are all the things that we are looking at, Scott, and we believe that those combination of factors are setting up in a way that we will be able to drive OR improvement. To your question on other revenue, so I think that’s really a question maybe more geared towards accessorials and what we see playing out there. As the supply chain has healed, as we are seeing a little bit of softness in that Intermodal market, we have seen accessorials come down a bit. They were down a little bit for us here in the fourth quarter and that would probably be my expectation going into 2023 as well. Lance Fritz: And that’s a good thing, right? Jennifer Hamann: Yeah. Absolutely. Lance Fritz: I mean, we want that fluidity. We want the entire network to match the kind of fluidity that we are putting up post Christmas holiday. They are still in the Intermodal supply chain. There’s still some elevated street time for boxes and chassis. And that’s the last piece that reflects excess inventory that’s going to have to get worked out. Kenny Rocker: Yeah. Scott Group: Thank you. Operator: Our next question is from the line of Fadi Chamoun with BMO Capital Markets. Please proceed with your question. Fadi Chamoun: Thank you. Good morning. Question on the operating side a little bit, maybe, Jennifer, if you can help us understand what were these unique costs is in network congestion in 2022, so w

Verify independently

SEC filings for UNP · Claim quote is verbatim from the 2022Q4 earnings call.