Union Pacific's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Union Pacific (UNP)

Q1 2012 Earnings Call

April 19, 2012 8:45 am ET

Executives

John J. Koraleski - Acting Chief Executive Officer and Acting President

Eric L. Butler - Executive Vice President of Marketing and Sales

Lance M. Fritz - Head of Operations and Executive Vice President of Operations - Union Pacific Railroad Company

Robert M. Knight - Chief Financial Officer and Executive Vice President of Finance

Analysts

Brandon R. Oglenski - Barclays Capital, Research Division

Thomas R. Wadewitz - JP Morgan Chase & Co, Research Division

Justin B. Yagerman - Deutsche Bank AG, Research Division

Scott H. Group - Wolfe Trahan & Co.

William J. Greene - Morgan Stanley, Research Division

Christian Wetherbee - Citigroup Inc, Research Division

Cherilyn Radbourne - TD Securities Equity Research

H. Peter Nesvold - Jefferies & Company, Inc., Research Division

Christopher J. Ceraso - Crédit Suisse AG, Research Division

Ken Hoexter - BofA Merrill Lynch, Research Division

Walter Spracklin - RBC Capital Markets, LLC, Research Division

Jason H. Seidl - Dahlman Rose & Company, LLC, Research Division

Matthew Troy - Susquehanna Financial Group, LLLP, Research Division

Jeffrey A. Kauffman - Sterne Agee & Leach Inc., Research Division

David Vernon - Sanford C. Bernstein & Co., LLC., Research Division

Patrick Tyler Brown - Raymond James & Associates, Inc., Research Division

Keith Schoonmaker - Morningstar Inc., Research Division

Presentation

Operator

Greetings, and welcome to the Union Pacific First Quarter Conference 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. Jack Koraleski, CEO for Union Pacific. Thank you, Mr. Koraleski. You may begin.

John J. Koraleski

Thanks, Rob. Good morning, everybody, and welcome to Union Pacific's First Quarter Earnings Conference Call. With me in Omaha today are Rob Knight, our CFO; Lance Fritz, our Executive Vice President of Operations; and I also want to introduce Eric Butler in his new role as our Executive Vice President of Marketing and Sales.

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