Q1 2019 Union Pacific Corp Earnings Call Transcript
Greetings, and welcome to the Union Pacific First Quarter 2019 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. Lance Fritz, Chairman, President and CEO for Union Pacific.
Thank you. Mr. Fritz, you may begin.
Thank you, Rob, and good morning, everybody, and welcome to Union Pacific's First Quarter Earnings Conference Call. With me today in Omaha are Kenny Rocker, Executive Vice President of Marketing and Sales; Jim Vena, Chief Operating Officer; and Rob Knight, Chief Financial Officer.
This morning, Union Pacific is reporting record 2019 first quarter net income of $1.4 billion or $1.93 per share. This represents an increase of 6% in net income and 15% in earnings per share compared to 2018.
Total volume decreased 2% in the quarter compared to last year. Quarterly
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