Railroad consolidation push: Union Pacific proposes $85bn merger...

Dununu.com Dununu

Sponsor

Railroad consolidation push: Union Pacific proposes $85bn merger with Norfolk Southern to create first US transcontinental network; STB nod seen as key hurdle

RSS Feed Business

Posted

51

Union Pacific proposed to acquire Norfolk Southern for $85 billion. This deal aims to create a coast-to-coast freight railroad. The merger requires regulatory approval. It could reshape US freight logistics. Norfolk Southern's shareholders would receive cash and Union Pacific shares. The combined entity anticipates new revenue and cost savings. The companies will spend two years on integration plans.

Read Full Article

Vă rugăm să vă autentificați pentru a vă dori, partaja și comenta!

Radioactive wasp nest discovered in US: Routine check findings at Cold War-era nuclear facility; radiation levels 10 times above limit

Routine checks at the Savannah River Site, a former US nuclear weapons facility in South...

By 0 13

After embarrassment at WCL, PCB bans using 'Pakistan' name in private leagues: Report

Following India Champions' refusal to play against Pakistan Champions in the World Championships...

By 0 15

CBSE carries out surprise inspections in 15 schools across seven regions to check dummy student enrolments

By 0 21

Nepal Red Cross Central Committee to amend statute to resolve ongoing issues

KATHMANDU: The Central Committee of the Nepal Red Cross Society has announced plans to amend its...

By 0 22

'No MPs will be stopped from speaking': Kiren Rijiju defends CISF deployment in Rajya Sabha's well; dismisses opposition concerns

By 0 27