“However, we expect petroleum and construction markets to remain favorable due to our focus on business development.”

In context

“uarter as we see it today. Starting with bulk, we anticipate continued challenges in coal as natural gas futures remain volatile. We are watching grain closely as we enter the export season. Crops have been harvested right now and increased supplies will be available to move. US soybean export sales have started out floor than forecasted. However, we have an improved service product this year to capture more available demand. Lastly, our forecast for renewable biofuel feedstock continues to remain strong. We see solid demand in this market and continue to capture new business. We recently landed opportunities with projects coming online soon in Iowa, Louisiana and Nevada. Moving onto Industrial. The economic forecast for industrial production looks to stay depressed in the fourth quarter. However, we expect petroleum and construction markets to remain favorable due to our focus on business development. And finally, for premium, we are staying close with our intermodal customers in this challenging demand environment. We've seen a seasonal uptick at the beginning of the quarter and we believe our improved service product positions us well to handle market demand. In addition, we expect automotive growth to continue, driven by strong OEM production and elevated shippable ground count. However, we are watching closely the ongoing UAW negotiations and the negative impact they are having on fourth quarter volumes as the strikes persist. In summary, we are fortunate to have a diverse portfolio that allows us to see positive momentum in some of our commodities. The team remains focused on what we can control. and I'm proud of the progress we've made in such a challenging market. We have a stro”