Q1 2025 Union Pacific Corp Earnings Call Transcript

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Apr 24, 2025

Apr 24, 2025 / 12:45PM GMT
Operator

Greetings. Welcome to Union Pacific's first quarter 2025 earnings call. (Operator Instructions) As a reminder, this conference call is being recorded and the slides for today's presentation are available on Union Pacific's website. At this time it's now my pleasure to introduce your host, Mr. Jim Vena, Chief Executive Officer for Union Pacific. Mr. Vena, you may now begin.

Jim Vena - Union Pacific Corp - Chief Executive Officer

Good morning, [Rob], and thank you. Good morning and thank you for joining us today to discuss Union Pacific's first quarter results. I'm joined in Omaha by our Chief Financial Officer, Jennifer Hamann; our Executive Vice President of Marketing and Sales Kenny Rocker; and our Executive Vice President of operations Eric Gehringer.

As you'll hear from the team, excuse me, we had a solid start to the year. Our reported operating ratio was 60.7 flat compared to last year, even with a 90 basis point headwind from fuel and leap year. We delivered record first quarter operating performance. Further, we had the strongest carload growth

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