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Union Pacific's Q4 2022 earnings call, held January 24, 2023, reviewed a challenging year marked by lengthy labor negotiations and customer-facing service issues. Management said freight car velocity has improved since late summer, though with setbacks, and set a goal of consistent service in 2023.
Improving railroad service velocity eases grain car availability and reduces transit delays, which modestly supports farm-to-port grain flows and feed ingredient deliveries.
roic.aiJan 24, 2023After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
