Q4 2018 Union Pacific Corp Earnings Call Transcript
Greetings, and welcome to the Union Pacific Fourth Quarter 2018 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. Mr. Fritz, you may now begin.
Thank you, Rob, and good morning, everybody, and welcome to Union Pacific's fourth quarter earnings conference call. With me here today in Omaha are Jim Vena, our new Chief Operating Officer; Kenny Rocker, Executive Vice President of Marketing and Sales; Tom Lischer, Executive Vice President of Operations; and Rob Knight, our Chief Financial Officer.
This morning, Union Pacific is reporting record 2018 fourth quarter net income of $1.6 billion or $2.12 per share. This represents an increase of 29% in net income and 39% in earnings per share when compared to adjusted results for 2017. Total volume
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