“I think there's more on the railroad to become more efficient.”

In context

“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 as we go into '24? Jim Vena: Well, listen, thanks for the question. So the way I see it is this. I think there's more on the railroad to become more efficient. And the concentration is a little different than the last time I was here and a little different than what we just were able to do in the fourth quarter. I think there's opportunity in speed and car velocity that will help us be able to move the railcars faster, use a few less locomotives and be able to keep the network more fluid. But the real big piece for us and what we're going to concentrate on, and we think there's a capability to be much better is how fast we operate our terminals and the fluidity through the terminals to be able to have the products. Now it's just not in the transportation piece. We are looking at ways on the engineering side, how we do maintenance, how we do capital work on the mechanical side, how we - what it costs us to perform overhauls, every piece of the ne”