197 annotations
Things have effectively continued coming out of the back end of September as they were.
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2023 Q3
21 Oct 23
demand remains really, really strong, just as it was throughout September
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2023 Q3
21 Oct 23
we set a single-week volume record during the month of September
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2023 Q3
21 Oct 23
During the quarter, we did see margin pressure both year-over-year and sequentially
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2023 Q3
21 Oct 23
we did close on the purchase of the brokerage assets from BNSF Logistics in the quarter
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2023 Q3
21 Oct 23
These declines were primarily driven by lower freight volumes and yields, combined with inflationary cost pressures, primarily in the areas of salaries and wages, capital costs and insurance and claims expense.
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2023 Q3
21 Oct 23
Overall freight activity remained under pressure during the quarter as compared to last year.
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2023 Q3
21 Oct 23
one of the ways they can save money is convert their Highway business back to Intermodal
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2023 Q3
21 Oct 23
our customers are under cost pressure
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2023 Q3
21 Oct 23
Excluding the acquisition, we anticipate falling around $1.6 billion for the year.
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2023 Q3
21 Oct 23
I previously guided to $1.5 billion to $1.8 billion of net capital spend for the year.
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2023 Q3
21 Oct 23
Our customers have been working through excess inventory. And as we stated last quarter, we felt like that destocking trend started to moderate in June.
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2023 Q3
21 Oct 23
some leading indicators that are showing maybe the volume coming into the West Coast ports is coming down as the peak season is a little bit muted
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2023 Q3
21 Oct 23
I don't think anything has been predictable
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2023 Q3
21 Oct 23
the last 12 months have been so confusing based on the way our customers managed inventory
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2023 Q3
21 Oct 23
we believe we are taking market share with our strong service that is outperforming the competition
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2023 Q3
21 Oct 23
In September, we had our largest Intermodal volume week in our history
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2023 Q3
21 Oct 23
our volumes were down 1% in July, up 1% in August and up 4% in September
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2023 Q3
21 Oct 23
we believe the inventory destocking trend started to moderate in June, and we saw evidence of that trend continue throughout the quarter as our volumes inflected positive for the first time in 3 quarters
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2023 Q3
21 Oct 23
We continue to focus on providing a superior service experience delivering big and bulky items into the homes of our customers' customer.
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2023 Q3
21 Oct 23