Union Pacific Corp at Morgan Stanley Laguna Conference Transcript
Okay. Great. Good morning, everyone, and welcome to the 11th Annual Laguna Conference. I'm Ravi Shanker, Morgan Stanley's freight, transportation airlines analyst. Over the next 3 days, we have 18 transportation companies and 10 airlines to go through. So, hey, you're going to be seeing a lot of me, unfortunately.
But also, we are very, very happy to kick off this conference with a really big bang, with Union Pacific, one of the top 10 most requested companies here at Laguna. I think the only non-transportation company on that list -- sorry, non [multi] company on that list, which kind of tells you the level of interest in the story here. A lot of that to do with the gentleman and the management team that are on stage here. And so kind of we'll dig into details a little bit.
But first, I need to point out that for disclosures, please see Morgan Stanley's Research Disclosure website at morganstanley.com/researchdisclosures or see our latest research.
So before we kick off with Q&A, Jim, do you want to
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