Union Pacific Corporation's (UNP) CEO Lance Fritz on Q2 2021 Results - Earnings Call Transcript

Jul. 22, 2021 2:15 PM ETUnion Pacific Corporation (UNP)
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Union Pacific Corporation (NYSE:UNP) Q2 2021 Earnings Conference Call July 22, 2021 8:45 AM ET

Company Participants

Lance Fritz - Chairman, President and CEO

Eric Gehringer - EVP of Operations

Kenny Rocker - EVP of Sales & Marketing

Jennifer Hamann - CFO

Conference Call Participants

Tom Wadewitz - UBS

Jon Chappell - Evercore

Brian Ossenbeck - JPMorgan

Allison Landry - Credit Suisse

Scott Group - Wolfe Research

Ken Hoexter - Bank of America Merrill Lynch

Jordan Alliger - Goldman Sachs

Chris Wetherbee - Citi

James McGarragle - RBC

David Vernon - Bernstein

Justin Long - Stephens

Jason Seidl - Cowen

Amit Mehrotra - Deutsche Bank

Cherilyn Radbourne - TD Securities

Jeff Kauffman - Vertical Research Partners


Greetings. Welcome to the Union Pacific Second Quarter 2021 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [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 begin.

Lance Fritz

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

The team at Union Pacific continued to demonstrate their capability, as we moved increasing volumes while dealing with challenging capacity constraints in some of our important supply chains. The result was the team delivered all-time record financial results. Our employees are making good on our strategy to serve, grow and win together.

Regarding our second quarter results, this morning, Union Pacific is

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