Thread regarding Union Pacific Corp. layoffs

PSR WAY OF LIFE

Everyone should read the transcripts 1st qtr earnings call if you quick read through Vena etc you will see this is just the beginning enclosed are a few excerpts

Add one important 1st Qtr ?

Vena Opportunity train schedule ability to start less trains speed them up, Fritz EVERGREEN NEVER ENDING PROCESS And SIGNIFICANT TWEAKING OF TRAIN SCHEDULES AHEAD

? Tom Wadewitz

Yes, good morning. I wanted to ask one about the train schedule. I think that UP in September announced they were moving to PSR approach and develop the three corridors and plans to rolling those out. Jim you didn't start till I think mid-January or so.

So, with the framework that a big part of PSR or a big component is reviewing and changing the schedules, it seems like a lot of that was done before you got there. So, is it possible that you have kind of another round of reviewing the schedules resetting? Or how should we look at it given a lot of the plan seem to be in place before you even got there?

Jim Vena

I think the team -- Tom, great question. The team did a great job of speeding up the railcars getting rid of some touches. I think the next step is we get to refine that. We -- when I look at the network we have trains that are operating that we have opportunities to be able to speed them up make -- to be able to start less trains so that's the next piece that we're doing.

So, great foundation built on by the entire team before I got here on January 14 and we're building on that, but lots of opportunity from what I see in how we operate our trains and yards.

Lance Fritz

And Tom, let's also be clear that Unified Plan 2020 when implemented was perceived and that's one of the reasons we brought Jim on. It's perceived to be an evergreen process. So, we -- getting Jim's perspective, his fresh eyes on that first round of implementation, we're going to find more and we'll continue to find more year after year after year. So, it's meant to be an evergreen process that continually gets fine tuned.

Kenny Rocker

And Tom, the other thing I'll add is that Jim and I our commercial teams are working together, so our envision of a more reliable product. And again, we think that will help us grow in the marketplace.

Tom Wadewitz

But just to be clear on that. So, do you think there is another significant review of this schedule, or is it more kind of tweaking things?

Lance Fritz

No, it's still significant.

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Lance doesn’t know what he is doing; and he never has. This is a total con job orchestrated by Wall St. Because we have weak leadership.

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