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CLAIM #59440 · Union Pacific Corporation (UNP) · 2023Q3 earnings call · Oct 19, 2023 · due Dec 31, 2023

But we're going to operate as efficiently as we can. And we do think we have an opportunity to have sequential gains going from third quarter to fourth quarter on the OR basis.

Jennifer Hamann · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

move more volume that's waiting to be moved and we can see kind of a corresponding increase in kind of the seven-day carloadings? And how do you get comfortable? How do you get us comfortable that the added volume doesn't drive service challenges, which historically has been the case for all railroads. So if you can just talk about that as well. Thank you. Jennifer Hamann: I'll maybe start off and address your question, at least the question about sequential OR improvement. As I've said in my prepared remarks, we're looking to build off the momentum that we have here as we ended out the third quarter and take that into the fourth quarter. And so without making any guide relative to what fourth quarter volumes are going to do, to your point, we're off to a good start, very pleased by that. But we're going to operate as efficiently as we can. And we do think we have an opportunity to have sequential gains going from third quarter to fourth quarter on the OR basis. It's going to take hard work by the team. It's going to take continued gains in terms of how we're operating the railroad and driving efficiency, but that's absolutely the goal that we're looking at. Jim, do you want to maybe hit the rest of this question about freight car velocity. Jim Vena: So what -- the reason I use car velocity is it truly is that end-to-end number that gives you a great indication. And it's not the only indicator, but it gives you an indicator. So I like the question. You said, can you handle an increase in business and are you leaving business behind? I wish we were leaving business behind. I really do and we are not. And we will look for everything we can to get more business. The railroad and railroads get themselves in trouble when they lose sight of what the fu

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SEC filings for UNP · Claim quote is verbatim from the 2023Q3 earnings call.