U.S. Industrial Economy Is Slowing Down, Union Pacific CEO Says

The transcript covers Union Pacific's strategies to address earnings weaknesses and headcount cuts, projecting a 15% reduction in employment. It discusses the US manufacturing outlook, highlighting a slowdown and the impact of trade deals. The company focuses on maintaining market share through reliable service and efficiency, despite competition from BNSF. Concerns include trade relationships and global market access, emphasizing the need for USMCA ratification and stable trade agreements.

What were the anticipated headcount cuts for the rest of 2019 and into 2020?

How did the company manage to match the drop in top line volume?

What is the company's guidance for the operating ratio for this year and next year?

What factors are contributing to the slowdown in the US manufacturing industry?

What is the outlook for consumer spending and its implications for freight movement?

How does the company plan to maintain its market share against competitors?

What are the concerns regarding trade relationships and their impact on the business?