Union Pacific Seeing Strong Demand Across the Board, CEO Says

Union Pacific CEO Lance Fritz discusses the impact of severe winter weather and fuel surcharge lag on the company's margins and EPS. Despite these challenges, the core business remains strong with good demand across various sectors, including automotive, housing, and construction. The chip shortage affects auto shipments, but improvements are expected by the end of the second quarter. Port congestion impacts the supply chain, but Union Pacific is increasing capacity and working on transparency. The company is hiring in specific areas and offers competitive wages. Business consolidation north of the border is monitored for potential impacts. Union Pacific advocates for fair regulatory evaluations of mergers. The rail system's lower carbon intensity is helping gain market share over trucking.

What were the two main factors that impacted Union Pacific during the quarter?

How is the automotive industry currently being affected according to the interview?

What measures is Union Pacific taking to address port congestion?

What is the current state of hiring at Union Pacific?

What concerns does Union Pacific have regarding the proposed transactions involving CPR and CN?

What role does Union Pacific see for itself in relation to climate change?

How is Union Pacific gaining market share against trucking?