CLAIM #59574 · Union Pacific Corporation (UNP) · 2024Q3 earnings call · Oct 24, 2024 · due Dec 31, 2024
“We're going to see the strongest volume year since 2029.”
Kenny Rocker · EVP Marketing and Sales
In context
“acility in Cherryvale, Kansas. Turning to Industrial. As we mentioned earlier, we expect the rock market will not match last year's record volume. For petroleum, we have tougher comps but are building on our success with business development. Petrochemicals is expected to outperform the market, based on the strength of our Gulf Coast franchise, and we are excited to see incremental volume from Shintech's expansion at Plaquemines, Louisiana. And wrapping up with Premium. On the intermodal side, the surge of West Coast import volumes will continue to drive for both our international and domestic markets for the remainder of the year. In Automotive, we are seeing softness in the market, which will be partially offset by business development wins. In summary, I'm proud of the commercial team. We're going to see the strongest volume year since 2029. Our diverse portfolio allows us to see positive momentum, and our resource buffer puts us in a great position to manage increased volumes on the West Coast. The team is focused on our key growth markets, collaborating with our customers and the operating team to find innovative solutions to grow and win together. With that, I'll turn it over to Eric to review our operational performance. Eric Gehringer: Thank you, Kenny, and good morning. Moving to Slide 12. As I mentioned at our Investor Day in September, we always believe there's a better way to do things, even the things we're doing well today. And that culture has manifested itself in our results, as we continue to make great progress in our safety, service performance and efficiency metrics. Starting with safety. We remain intensely”
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SEC filings for UNP ↗ · Claim quote is verbatim from the 2024Q3 earnings call.