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CLAIM #59482 · Union Pacific Corporation (UNP) · 2023Q4 earnings call · Jan 25, 2024 · due Dec 31, 2024

But I'm excited. I think we overcome this year, by the end of the year, we'll see ourselves in a different position.

Jim Vena · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
I think we overcome this year, by the end of the year, we'll see ourselves in a different position.
Reported
our full year operating ratio of 59.9% improved 240 basis points

In context

you can see that from the number. And I think there's more available for us on the efficiency side from how we operate our trains, the fluidity and the terminals, how we use our people, and we did a really good job. The team did a fantastic job in the fourth quarter, and I expect it to get better as we go through the year. So those two things we're tackling head on. We're not being shy about it. We're being straight. I've met with a lot of customers in groups and in small and I've been clear about what the pressures are and what we're going to do about it moving forward. But at the end, we want our customers to win in the marketplace. We want them to win. So we're being smart about how we price and what level and it's different for different marketplaces, and that's how we're handling it. But I'm excited. I think we overcome this year, by the end of the year, we'll see ourselves in a different position. Scott Group: Thank you. Operator: Our next question is from the line of Tom Wadewitz with UBS. Please proceed with your question. Tom Wadewitz: Yeah, good morning. So Jim, you've seen - you realized a very fast and positive response in terms of the rail network operations since you've been at UP. Where do you think you're at in terms of kind of further improvements? So I don't know if you want to look at like locomotives, what the active fleet is and where it can go to. Maybe if you could comment a little bit on headcount. I think that the headcount was down pretty meaningfully sequentially. So I guess I'm just trying to get a sense of kind of are we at the stable level now after that really quick improvement? Or our headcount and active locomotive fleet going to have further steps down a

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SEC filings for UNP · Claim quote is verbatim from the 2023Q4 earnings call.