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  "documentTitle": "Union Pacific Corporation (UNP)",
  "authorId": "15_Soroban",
  "authorName": "Eric Mandelblatt",
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  "presentationDate": "2023-02-22 00:00:00",
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  "notes": "Uses quotes from STB Chairman Martin Oberman to establish the 'villain' narrative.",
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      "kind": "callout",
      "text": "UNP stands out as the heaviest user of embargoes in 2022, nearly 10x the next closest Class I railroad. UNP represents ~70% of all North American rail embargoes (more than all other Class I railroads combined)",
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      "text": "Embargoes by Class I Railroads in 2022",
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      "text": "UNP is facing unprecedented pressure from the Surface Transportation Board... UP's May 20 response... was by far the worst... The STB requested that Lance Fritz attend a hearing... The Board has received numerous reports... Despite the gravity of the situation, Lance Fritz failed to provide the adequate data... Simply put, UNP's operations are so poorly run...",
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      "text": "Source: Association of American Railroads.",
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      "text": "Regulators have singled out UNP as the worst operated railroad",
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