“And, wrapping up with Premium, on the intermodal side, we expect to see continued strength for imports in the near-term.”

In context

“entories remain high and natural gas futures stay at levels that make coal less competitive. For grain, as we sit here today, the markets look stable and healthy although global export sales are off to a slow start. Crop conditions look good and we’ll have a better read over the next several weeks. In addition, we expect grain products to remain positive as we see incremental renewable diesel production coming online in California and continue to capture new business. Turning to Industrial. Our outlook remains the same as we laid out during our last earnings call. We expect our rock market will not match last year’s record volume. However, both petroleum and petrochemical markets will remain favorable due to our focus on business development supported by our investments in the Gulf Coast. And, wrapping up with Premium, on the intermodal side, we expect to see continued strength for imports in the near-term. And, while we have seen imports drive pockets of increased demand, on the domestic side, the overall market remains soft. But, our improved service product, along with our diversified set of private asset owners and IMCs provide Union Pacific more at bet when opportunities present themselves. And for automotive, we’re still expecting year-over-year growth due to business development wins despite some softening in the market. In summary, I’m proud of the commercial team and their focus to fill the volume gap we’re seeing from coal. On the price side, we’re achieving solid price results to overcome inflation and delivering the consistent and efficient service that we sold to our customers. As we head into the second half of the year, I am confident that our great franchise, along with the d”