Atlanta-based Norfolk Southern confirmed Thursday it is in “advanced discussions regarding a potential business combination” with another railroad company, Union Pacific. The announcement follows ...
Between 1863 and 1869, the first transcontinental line, known as the Pacific Railroad, was built in the United States. The line ran from Omaha, Nebraska, to Sacramento, California, and carried ...
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Union Pacific and Norfolk Southern report solid profits as they make their case for their merger
Union Pacific delivered 7% growth in its third-quarter earnings Thursday as its CEO continues to make the case for the ...
Under the terms of the agreement, Union Pacific will acquire Norfolk Southern in a stock and cash transaction, implying a value for Norfolk Southern of $320 per share based on Union Pacific’s ...
The merger would create the United States’ first coast-to-coast rail network, spanning 50,000 miles and 43 states. By Peter Eavis Union Pacific, a freight rail giant, announced on Tuesday that it had ...
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Trains Over Trucks? Here’s What Union Pacific’s Management Said About Norfolk Southern Acquisition
Union Pacific Corp.(UNP) CFO Jennifer Hamann said the company’s acquisition of Norfolk Southern Corp. (NSC) to create a transcontinental freight railroad will lead to faster delivery and lower ...
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