Bascome Majors

“Just to follow up on the fight like hell commentary, can you talk about where you see maybe more tactical opportunities, where there are some potential wins in the merchandise portfolio that hits those quality revenue thresholds?”

“Just to put a period on the BCO discussion, has utilization been a leading indicator in your own analysis of fleet growth, or is it really just rate that drives that historically?”

“You know, how do you think somewhere between that, you know, how does it feel in 2026 right now, the balance of a margin expansion and you potentially seeking more share growth, you know, on that bridge to a world where you might consistently have margins above your mid-cycle level?”

“If we go back to the 2023 deal with the Teamsters, you had to absorb a lot of inflation really quick, and then you had three years of fairly moderate labor inflation in the U.S., and then that was scheduled to tick up in the fifth year of the contract.”

“Steve, last quarter you gave us some thoughts early on in your tenure about your compensation philosophy and how it kind of applied to the rail model.”