“the technology that we’re implementing, the speed that we’re going to be able to change our plan and what we’re doing moving forward will help us to be able to even on a flat volume be able to improve our efficiency.”

In context

“s that you’ve made start to hit a ceiling without volume? And, clearly what you’ve been able to do on locomotives and workforce, in a flat volume environment and of course we understand what’s happening with coal, is pretty impressive, but do you hit the ceiling without a volume tailwind at some point? Jim Vena: No, I don’t see that. I think we’ve shown that we can improve and I see more improvement even with a flat. I don’t expect us to have our volume be flat though. That’s not the way we’re working at this. Everything that we’ve done is to increase our volume against some pretty big negatives that are structural that we can’t control. So, is it easier when you have increase in volume? Yes, you have another five cars on an intermodal train or a manifest train makes it a lot easier. But, the technology that we’re implementing, the speed that we’re going to be able to change our plan and what we’re doing moving forward will help us to be able to even on a flat volume be able to improve our efficiency. So, I’m very comfortable with, as we move ahead there’ll be more even on a flat. Jon Chappell: Great. Thanks, Jim. Jim Vena: Thank you. Operator: Our next question comes from the line of Stephanie Moore with Jefferies. Please proceed with your question. Stephanie Moore: Hi, good morning. Thank you. Jim Vena: Good morning. Stephanie Moore: I think continuing on the prior question, really nice margin performance for the first half of the year. Can you talk a little bit, just based on maybe some of the mix headwinds and the cost of initiatives and a lot of the kind of puts and takes here, what that should mean in terms of kind of normal seasonality for margins as the OR as the year progresses? Thank you. Jim Vena: Stephanie, listen, I just sort of answered overall on the high level what I se”