CLAIM #59691 · Union Pacific Corporation (UNP) · 2025Q3 earnings call · Oct 23, 2025 · due Dec 1, 2025
“So what I can tell you about the timing is it sure will not take us into January to get this done, okay? We're into getting the deal done as soon as possible. If you ask Jim Vena, I want it in, okay, before the 1st of December, the application.”
Jim Vena · CEO
In context
“oyees. And we'll work through that. And in fact, Tom, we took this round of negotiations that we wanted to negotiate directly with our unions because our employees are really important to us, and we wanted to make sure that we were doing the right thing, so it's a win-win for our employees and ourselves. And I can tell you, right now, we have an agreement, either in principle, not yet out for ratification or sorry, they're going to go up for ratification with every union. So basically, we have finished this round of negotiations, and we have -- because the unions understand how beneficial overall this deal is and how it's going to help us move ahead. So we're real happy with where we are. So Tom, listen, unless I missed something and you wanted me to cut in -- you talked about the timing. So what I can tell you about the timing is it sure will not take us into January to get this done, okay? We're into getting the deal done as soon as possible. If you ask Jim Vena, I want it in, okay, before the 1st of December, the application. If you talk to some people on the team, they're saying, Jim Vena, would you give us a little bit of time? And the answer is no. So I'm hoping that we can do everything we can to have it in by the end of November or the latest in early December so that we can have the application in and get that process moving. So Tom, hopefully, I answered everything there. Sorry for the long answer. Thomas Wadewitz: No, on the shipper side, anything new there? Or is that -- that's the only thing you didn't hit. And thanks for all the perspective. Vincenzo Vena: Yes. Listen, Kenny, why don't you say where we are with the customers and how many letters of support we have already? Kenny Rocker: Yes. I just want to reaffirm something you said, Jim, about 40% of our business either comes into or moved out of”
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SEC filings for UNP ↗ · Claim quote is verbatim from the 2025Q3 earnings call.