CLAIM #59401 · Union Pacific Corporation (UNP) · 2023Q2 earnings call · Jul 26, 2023 · due Dec 31, 2023
“Offsetting that, we get a tailwind from implementing the brake person agreement. And as we implement the work rest schedule, I am confident that generates both productivity and service product improvement. The issue is timing and magnitude.”
Lance Fritz · CEO
In context
“hat. And so that's something that we'll just keep you updated, but I want to make sure you do understand that, that will be a bit of a headwind. But as we get greater clarity of that as we go through our rollout and start that rollout and obviously, we still need to get SMART-TD done as well, we'll be in conversation about that. Lance Fritz : So Justin, I think as we look into the back half of this year, improving productivity, the hiring pipeline tones down a little bit, but we're still hiring. It probably looks like year-over-year about equal, I think, is what Jennifer was saying. Not sure what's going on in the marketplace. So we got to we've got to do everything we can to capture all the business that's available to us. And then fuel is going to be a real headwind in the back half. Offsetting that, we get a tailwind from implementing the brake person agreement. And as we implement the work rest schedule, I am confident that generates both productivity and service product improvement. The issue is timing and magnitude. Operator: Our next question is from the line of Brandon Oglenski with Barclays. Brandon Oglenski : Lance, congrats on career here. And I guess, I know you guys want to ask about the quarter, but just looking back, Lance, over your course of being at Union Pacific, what do you think went really right? And what do you think maybe could have been done better to keep track maybe with potentially more volume growth looking back? And maybe looking forward, what do you think are the biggest challenges or opportunities for the industry, maybe not even just UNP? The technology, is it regulation, is it M&A? Would love to get your thoughts. Lance Fritz : Yes, Brandon, thank you for that question. And we'll try to keep this to be the only question on that. So I'll try to make the answer fulsome.”
Verify independently
SEC filings for UNP ↗ · Claim quote is verbatim from the 2023Q2 earnings call.