Union Pacific Corp at Bank of America Transportation, Airlines & Industrials Conference (Virtual) Transcript

May 17, 2022 / 12:40PM GMT
Kenneth Scott Hoexter - BofA Securities, Research Division - MD & Co-Head of Industrials and Basic Materials

Good morning. I'm Ken Hoexter, BofA's air freight and surface transportation and shipping analyst. Again, welcome to the next part of our 29th Annual Global Transportation Conference, Global Transport Airline and Industrial.

We welcome CFO, Jen Hamann, from Union Pacific up next. This is her second time in the past 4 years as a presenter at our conference. Many more in our role in IR decade -- more than a decade ago. Jen has been CFO since January of 2020 at UP since 1992. She's joined in the audience by Brad Stock of IR, his third consecutive year, so we thank Brad for joining us again. See came out for your questions, the tough ones afterwards.

UP has been kind enough to participate in our conference for 19 of the past 21 years. We've been hosting the event. So we thank you for your commitment to our conference. So with that, I'm going to turn it over to Jen to jump right in. It looks like volumes are off about 3% versus our -- up 1% for the target. We've got the recent STB

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