Union Pacific Corp at Morgan Stanley Laguna Conference Transcript

Sep 12, 2023 / 02:35PM GMT
Ravi Shanker - Morgan Stanley, Research Division - Executive Director

Okay. Great. Good morning, everyone, and welcome to the 11th Annual Laguna Conference. I'm Ravi Shanker, Morgan Stanley's freight, transportation airlines analyst. Over the next 3 days, we have 18 transportation companies and 10 airlines to go through. So, hey, you're going to be seeing a lot of me, unfortunately.

But also, we are very, very happy to kick off this conference with a really big bang, with Union Pacific, one of the top 10 most requested companies here at Laguna. I think the only non-transportation company on that list -- sorry, non [multi] company on that list, which kind of tells you the level of interest in the story here. A lot of that to do with the gentleman and the management team that are on stage here. And so kind of we'll dig into details a little bit.

But first, I need to point out that for disclosures, please see Morgan Stanley's Research Disclosure website at morganstanley.com/researchdisclosures or see our latest research.

So before we kick off with Q&A, Jim, do you want to --

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