Q2 2022 Union Pacific Corp Earnings Call Transcript
Greetings. Welcome to the Union Pacific Second Quarter Earnings Call. (Operator Instructions) As a reminder, this conference is being recorded, and the slides for today's presentation are available on Union Pacific's website. It is now my pleasure to introduce your host, Mr. Lance Fritz, Chairman, President and CEO for Union Pacific. Thank you. Mr. Fritz, you may now begin.
And thank you, Rob, and good morning, and welcome to Union Pacific's second quarter earnings conference call. With me today in Omaha are Kenny Rocker, Executive Vice President of Marketing and Sales; Eric Gehringer, Executive Vice President of Operations; and Jennifer Hamann, our Chief Financial Officer. As we expected and shared back in April during our first quarter earnings call, the second quarter was a tough quarter.
Our initiatives to restore fluidity limited car loadings and increased operating costs, those actions are working. We made solid progress improving the network with increased car velocity,
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