TD Cowen: UP C-Suite Dinner Takeaways (opens in new tab)

Union Pacific aims to meet the late July deadline for supplying the STB with extra requested Norfolk Southern acquisition information, though a 30-day extension request remains in its back pocket. Management sees STB feedback as skeptical, with CGP (Committed Gateway Pricing) a key issue but believes acceptance implies an adequate prima facie case. Disclosure strategy is measured citing competitive factors. Synergy work ongoing, tech rollout could be quick. Service currently robust, and volum...