Q4 2022 Union Pacific Corp Earnings Call Transcript

Jan 23, 2024

Jan 24, 2023 / 01:45PM GMT
Operator

Greetings. Welcome to the Union Pacific Fourth Quarter 2022 Conference Call. (Operator Instructions) As a reminder, this conference is being recorded, and the slides for today's presentation are available on Union Pacific's website.

It is now my pleasure to introduce your host, Mr. Lance Fritz, Chairman, President and CEO for Union Pacific. Mr. Fritz, you may now begin.

Lance M. Fritz - Union Pacific Corporation - CEO, Chairman, and President

Thank you, Rob, and good evening, and welcome to Union Pacific's fourth quarter earnings conference call. With me today in Omaha are Kenny Rocker, Executive Vice President of Marketing and Sales; Eric Gehringer, Executive Vice President of Operations; and Jennifer Hamann, our Chief Financial Officer.

The fourth quarter and 2022 overall were challenging for Union Pacific and our employees. The lengthy labor negotiations tested our workforce while customers felt the impact of our service issues. Two things are critically important as we turn the page to 2023. First is the trend line of improving freight car

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