“For automotive, we expect growth to continue driven by strong OEM production and high shippable ground count.”

In context

“s to remain strong. We see solid market demand and continue to capture new business as production expands. Moving on to industrial. The forecast for industrial production is down in the back half of 2023. Demand for forest products will also remain below 2022 levels. And despite some good business development wins on the metal side, it has been offset by a weaker-than-expected market. However, we expect to see continued strength in construction with new business wins. And finally, for premium. We expect challenges in the intermodal market from continued inventory destocking, inflationary pressures and ongoing shift in consumer spending from goods to services. However, on the international side, we continue to outpace U.S. West Coast import market as customers shift more business to IPI. For automotive, we expect growth to continue driven by strong OEM production and high shippable ground count. So to wrap up, it's hard to say when the economy will begin to recover in certain sectors, but our diverse portfolio allows us to see positive momentum in many of our commodities. The team remains focused on winning new business and has a strong pipeline of opportunities with a great track record for closing deals. With that, I'll turn it over to Eric to review our operational performance. Eric Gehringer : Thank you, Kenny, and good morning. Starting on Slide 9. As always, safety remains job #1 at Union Pacific, and we are committed to ensuring the safety of our employees, our customers and the communities that we serve. Freight rail is the safest way to transport goods over land, and Union Pacific is doing its part to be even safer through ongoing investments in our network, employees”