2025年5月，公司核心经营资产大秦线完成货物运输量3296万吨，同比 减少1.85%。日均运量106.32万吨。大秦线日均开行重车70.9列，其中：日均 开行2万吨列车52.2列。2025年1-5月，大秦线累计完成货物运输量15631万吨， 同比减少3.59%。 以上主要运营数据来自本公司内部统计。运营数据可能在月度之间存在 一定差异，其影响因素包括但不限于市场环境、设备检修和接卸能力等。 大秦铁路股份有限公司 董 事 会 12025年6月7日 股票代码：601006 股票简称：大秦铁路 公告编号：【临2025-045】 大秦铁路股份有限公司 2025 年 5 月大秦线生产经营数据简报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 ...

Union Pacific (UNP) 2025 Conference May 14, 2025 09:30 AM ET Speaker0 To the next part of of day two of our BofA Industrials Transportation and Airlines Key Leaders Conference. Certainly, a key leader is definitely a pro quo for our next our next panel. For those new to the room, I'm Ken Hoexter, BofA's air freight and surface transportation and marine shipping analyst. Next up, we welcome Union Pacific CEO Jim Vena, his fourth time joining us here, CFO Jen Hayman for her third time presenting and many more ...

大秦铁路股份有限公司 2025 年 4 月大秦线生产经营数据简报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2025年4月，公司核心经营资产大秦线完成货物运输量3062万吨，同比 增长0.99%。日均运量102.07万吨。大秦线日均开行重车67.8列，其中：日均 开行2万吨列车48.9列。2025年1-4月，大秦线累计完成货物运输量12334万吨， 同比减少4.05%。 以上主要运营数据来自本公司内部统计。运营数据可能在月度之间存在 一定差异，其影响因素包括但不限于市场环境、设备检修和接卸能力等。 董 事 会 12025年5月8日 股票代码：601006 股票简称：大秦铁路 公告编号：【临2025-041】 大秦铁路股份有限公司 ...

Union Pacific (UNP) FY Conference Summary Industry Overview - The conference focuses on the railroad industry, specifically Union Pacific (UNP) and its operational strategies and financial outlook. Core Points and Arguments 1. **Strategic Foundation**: Union Pacific emphasizes safety as its primary focus, which is crucial for employees, customers, and communities [2][3] 2. **Growth Targets**: The company aims to grow its business volumes faster than the markets it serves, with a commitment to improving revenues through effective pricing strategies [5][6] 3. **Financial Goals**: Union Pacific targets high single-digit to low double-digit growth in earnings per share (EPS) over the next three years, with a commitment to maintaining the best operating ratio and return on invested capital (ROIC) in the industry [7][8] 4. **Capital Investment**: The company plans to invest between $3.4 billion and $3.7 billion annually, with a 45% dividend payout ratio, continuing a track record of increasing dividends for 17 consecutive years [8][9] 5. **Share Repurchases**: Union Pacific intends to repurchase between $4 billion and $5 billion of its shares annually over the next three years [10] 6. **Volume Performance**: In April, Union Pacific reported a 7% year-over-year increase in volumes, with international intermodal volumes up over 30% [14][15] 7. **Market Diversification**: The company operates across 23 states, allowing it to offset declines in specific areas with growth in others, particularly in international intermodal and coal segments [16][26] 8. **Freight Mix**: International intermodal is identified as the lowest average revenue per car business, while coal volumes were up 5% in the first quarter, but still below the system average [22][23] 9. **Investment in Mexico**: Union Pacific owns 26% of a Mexican railroad, which has seen significant growth in automotive and intermodal sectors, positioning the company well for nearshoring opportunities [32][34] 10. **Adaptive Planning Technology**: The company is developing adaptive planning technology to improve operational efficiency, akin to navigation apps that suggest optimal routes [54][55] 11. **Competitive Landscape**: Union Pacific acknowledges the potential threat from EV trucking and autonomous vehicles but believes its existing infrastructure and technology will maintain its competitive edge [58][60] Additional Important Insights - **Regulatory Environment**: The company operates under strict regulations regarding mergers and acquisitions, which can impact growth strategies [42][43] - **Market Challenges**: Union Pacific faces challenges from fluctuating coal demand and international trade tariffs, which may affect future growth [11][12][49] - **Operational Efficiency**: The focus on improving margins through pricing and productivity is critical, especially as the industry faces flat growth overall [48][50] This summary encapsulates the key points discussed during the Union Pacific FY Conference, highlighting the company's strategic focus, financial goals, and operational challenges within the railroad industry.

Call Start: 08:45 January 1, 0000 9:58 AM ET Union Pacific Corporation (NYSE:UNP) Q1 2025 Earnings Conference Call April 24, 2025, 8:45 AM ET Company Participants Jim Vena - Chief Executive Officer Jennifer Hamann - Chief Financial Officer Kenny Rocker - Executive Vice President, Marketing and Sales Eric Gehringer - Executive Vice President, Operations Wes Hutcherson - Former Executive Vice President, Marketing and Sales Conference Call Participants Chris Wetherbee - Wells Fargo Tom Wadewitz - UBS Fadi Cham ...