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Jim Vena

CEO, Union Pacific

Quotes

We are 100% on track with filing the revised application on April 30 ... second quarter next year we would expect to be at a place where they approve it.

2026-04-23-earnings-unp-q1-fy2026· 2026-04-23#up-nsc-transcontinental-merger-to-pricing-power

When you take a look at what is in the merger application ... we are more convicted now than we ever have been.

2026-04-23-earnings-unp-q1-fy2026· 2026-04-23#up-nsc-transcontinental-merger-to-pricing-power

We have capacity to add 10% more business without huge incremental capital and operating costs.

2026-04-23-earnings-unp-q1-fy2026· 2026-04-23#up-nsc-transcontinental-merger-to-pricing-power

[On the NS merger] The STB accepted our application as complete; we'll complete the supplemental filing Monday with expanded gateway pricing and additional voluntary commitments. Our CN settlement is a win-win that enhances competition against trucking and CPKC.

2026-07-23-earnings-unp-q2-fy2026· 2026-07-23#up-nsc-transcontinental-merger-to-pricing-power
Notes

Jim Vena

One-line summary: CEO of Union Pacific; champion of the Norfolk Southern transcontinental merger.

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