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April 24, 2012 4:30 pm ET
Michael Hostutler -
Charles Wick Moorman - Executive Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Donald W. Seale - Chief Marketing Officer and Executive Vice President
Mark D. Manion - Chief Operating Officer and Executive Vice President
James A. Squires - Chief Financial Officer and Executive Vice President of Finance
Christopher J. Ceraso - Crédit Suisse AG, Research Division
Christian Wetherbee - Citigroup Inc, Research Division
Justin B. Yagerman - Deutsche Bank AG, Research Division
Edward M. Wolfe - Wolfe Trahan & Co.
Thomas R. Wadewitz - JP Morgan Chase & Co, Research Division
Matthew Troy - Susquehanna Financial Group, LLLP, Research Division
Walter Spracklin - RBC Capital Markets, LLC, Research Division
Jason H. Seidl - Dahlman Rose & Company, LLC, Research Division
Brandon R. Oglenski - Barclays Capital, Research Division
Ken Hoexter - BofA Merrill Lynch, Research Division
William J. Greene - Morgan Stanley, Research Division
Anthony P. Gallo - Wells Fargo Securities, LLC, Research Division
Scott H. Group - Wolfe Trahan & Co.
H. Peter Nesvold - Jefferies & Company, Inc., Research Division
David Vernon - Sanford C. Bernstein & Co., LLC., Research Division
Salvatore Vitale - Sterne Agee & Leach Inc., Research Division
Greetings, and welcome to the Norfolk Southern Corporation First Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Michael Hostutler from Norfolk Southern, Director of Investor Relations. Thank you. You may now begin.