MAAT INDEX

CLAIM #59318 · Union Pacific Corporation (UNP) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2023

We feel good about being able to move coal in these natural gas prices and even the forward curve for the rest of the year.

Kenny Rocker · EVP Marketing and Sales

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
We feel good about being able to move coal in these natural gas prices and even the forward curve for the rest of the year.
Reported
Looking further out in the year, demand will largely be dependent on natural gas prices and summer weather.

In context

your revenue per carload or is that just not meaningful enough to enter into the equation? Lance Fritz: Jennifer, you want to take that? Jennifer Hamann: I think you were referencing congestion surcharges? Lance Fritz: I think he’s talking about accessorial… Jennifer Hamann: Oh! Accessorial. Lance Fritz: …cost. Jennifer Hamann: Okay. Again, we do expect that they could be less year-over-year, but I don’t see that as a significant driver for us. Walter Spracklin: Okay. Fair enough. And just on the coal side, there’s a lot of talk about deteriorating coal statistics, just understanding your catchment area, I know you got a plus on that outlook. How does that compare with what we are hearing from the EIA and what you are seeing in your catchment area? Kenny Rocker: Kenny? Kenny Rocker: Yeah. We feel good about being able to move coal in these natural gas prices and even the forward curve for the rest of the year. I will tell you, there’s still quite a bit of low inventories out there. So I can assure you, those customers are willing and able to receive that coal demand that’s out there. Walter Spracklin: Okay. Thanks for the time. Lance Fritz: Yeah. Thank you, Walter. Operator: The next question is from the line of Bascome Majors with Susquehanna. Please proceed with your question. Bascome Majors: Lance, thanks for taking my question. As the Chairman of UP, can you talk a little bit to the longer term transition plans? What skill sets do you think the Board really focused on for the next leader of the business? Any time line around that as we have seen some of the leadership at the other Class 1s start to change? Thank you. Lance Fritz: Sure, Bascome. So we have not announced any leadership transi

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