“That inflation, I would say, is still probably running around that 5% level that we talked to coming into the year.”

In context

“ketplace today? Thank you. Jennifer Hamann: Yes, thanks for the question, Bascome. So, coming into the year, we said that we thought our full-year inflation would be around 5% or so. I think we’re probably tracking pretty close to that. We’re seeing some wins in some of the purchased service categories, seeing a little bit greater acceptance in the marketplace, few more people coming into bid. So, that’s encouraging and certainly that’s an opportunity for us to get a little bit better pricing on that purchase services side of the world. Same with materials to a certain extent, obviously that plays more into our CapEx spend than it does the OE, but both are very important to us, right. We’re looking to control costs at every turn. Comp and benefits certainly is a big piece of our expenses. That inflation, I would say, is still probably running around that 5% level that we talked to coming into the year. I think as you all know, we’ve got a 4.5% wage increase that became effective. The last one in this round of negotiations became effective July 1 for our craft professionals. So, I don’t see a lot changing there. It’s just some moving pieces and parts and we’re trying to find areas where we can try to mitigate that either through our productivity, through our purchasing and how we’re just running the railroad in general. And obviously, that’s the task that we have up against Kenny and his team is, these are the inflationary pressures that we’re facing, this is what’s going into the cost structure and we need to go out there, have those tough conversations and the team is doing that and I feel very confident about that. Bascome Majors: To that point, if we get into next year, it sounds lik”