UNP - Union Pacific Corporation (UNP) NYSE/Bank of America London Investor Conference
2024-06-25 12:57:08 ET
Union Pacific Corporation (UNP)
NYSE/Bank of America London Investor Conference
June 25, 2024 9:00 AM ET
Company Participants
Jim Vena - Chief Executive Officer
Jennifer Hamaan - Chief Financial Officer
Conference Call Participants
Ken Hoexter - BofA
Presentation
Ken Hoexter
To the next session in the New York Stock Exchange and BofA Conference here in London. Thank you for taking the time to join us. I'm Ken Hoexter, BofA's air freight and surface transportation and shipping analyst. With us from Union Pacific, we've got Jim Vena, CEO; Jen Hamann, Chief Financial Officer; Brad Stock from Investor Relations.
So with that, I'm going to go ahead and turn it over to Jim maybe for two, three minute intro. We'll talk about what's going on lately. And Jen, I don't know if you want to add in as well, and then I'll jump into some Q&A.
So with that, I'll turn it over to Jim.
Jim Vena
Perfect. Thanks, Ken, and good afternoon, everyone. So I always get told I have to make sure I read this so let me read it word for word. I'd like to remind everyone that we will be making some forward-looking statements. These statements are subject to risks and uncertainties. So please refer to the UP website and SEC filings for additional information about our risk factors. And nice to have both Brad and Jennifer here with me. So it's great.
So since my first day on the Railroad, it's been fairly simple what we want to in our vision and our strategy. And what we want to deliver is all about safety, service, and operational excellence. We think we do those three big buckets properly, it will lead to growth as we move forward. So for us, real important, and growth is necessary for us to deliver on the vision of what we have for the Company. And I think over the last 10 months, you will see clearly, that we've made great strides in that.
And starting with safety, our safety metrics is foundational. In both, we've seen improvements of over 15% in our safety metrics, both in the incidents and people injured on the job. So at the end of the day, we're starting to go in the right direction. On the service side, we have metrics as high as we've had in a long time. So the service metrics are where they need to be to be able to have the proper conversation with our customers. So we're very happy with that.
And we've shown with the challenges that have been sent to us and we've faced in the -- in this recent quarter that we've been able to be resilient and recover from them. So we've had major weather events in the Southeast part of our network through Texas and Louisiana, and right now, -- as we're talking right now, we're having some weather events in the Northeast part of our Railroad. But very comfortable that we've been able to recover quick and we've been able to recover so that we get back to regular service in a quick manner....
Union Pacific Corporation (UNP) NYSE/Bank of America London Investor Conference