Union Pacific Corporation (UNP) CEO Lance Fritz Presents at Cowen 2022 Global Transportation & Sustainable Mobility Conference (Transcript)

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Union Pacific Corporation (NYSE:UNP) Cowen 2022 Global Transportation & Sustainable Mobility Conference September 7, 2022 8:40 AM ET

Company Participants

Lance Fritz - CEO, Union Pacific

Conference Call Participants

Jason Seidl - Cowen and Company

Jason Seidl

Good morning, everybody, and welcome to Cowen's 15th Annual Global Transportation & Sustainable Mobility Conference. I'm your host, Jason Seidl. With me today, we have Lance Fritz, CEO of Union Pacific.

And I just want to say, what an honor it is to have Lance join us. 15 years ago when I started this conference, never could I have envisioned it getting so big is to have so many great companies presenting.

I'm going to turn it over to Lance. He's going to run through about half a dozen slides and then we're going to go back to a fireside chat Q&A.

So without further ado, Lance, please take it away, sir.

Lance Fritz

Yes. Thank you, Jason, and good morning to all of you who are joining us this morning. Just before I get started, some cautionary information, the slides that accompany my prepared comments can also be found on our investor website next to this webcast event.

And also before I start, I'm going to be making some forward-looking statements and they're subject to the risks and uncertainties that we outlined both on our website and our SEC filings. So please refer those for additional information.

So I'm going to start out talking a little bit about service and which service? I feel like there is real positive momentum in the revenue side is -- you can see it in our overall statistics. We've seen gains in our operating metrics, current freight car velocity is around [Audio Gap]. I expect the Labor Day holiday to get in the way a little bit, but only briefly with much less impact

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