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CLAIM #59526 · Union Pacific Corporation (UNP) · 2024Q1 earnings call · Apr 25, 2024 · due Jul 1, 2024

We have a wage increase coming July 1. That's a headwind.

Jim Vena · CEO

PENDING
graded after results covering Jul 1, 2024 are reported

In context

nt wins there. And it's a type of oil that we're moving that we're excited about, and it's moving right now domestically. We've seen some strength. Eric's team has been able to help us grow a little bit of that business and get as much of it as we can. So we don't see that kind of traditional crude by rail that we saw 10 years ago, but we're seeing another emerging commodity in the market that we're excited to be moving, and it's going great for us. Vincenzo Vena: Rob, just let me -- if that was the last question, let me just summarize real quick because I think there's a few key points that I want to make sure that we highlight. One is, I think, the last 2 quarters have shown what's possible for this railroad. And that's really important to us is what's possible. We will have headwinds. We have a wage increase coming July 1. That's a headwind. We have certain segments of our business that are down and can be up and others that are up that are going to impact us. But the way we look at it, and I'm so proud of this entire team and the entire railroad, if you look at what we're doing is we're making ourselves more efficient, we're driving decision-making to the right level, we're providing service that we sold our customers at a high level. And the franchise that we have and the network that we have gives us every possibility to win in the long term. That's the goal. I'm looking forward to in September deep diving what we look like in the next 2 or 3 years, have a longer-term plan for everybody. And I'm sure I'm going to run into some of you before. But, otherwise, looking forward to the next quarter that closes. April is a grea

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SEC filings for UNP · Claim quote is verbatim from the 2024Q1 earnings call.