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Union Pacific to Reshape US Freight Rail With $85 Billion Deal for Norfolk
(Reuters) -Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85 billion deal to create the first U.S. coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country.
The US railroad industry has sought consolidation for decades. For Union Pacific Corp. and CEO Jim Vena, the stars are ...
Rocky Mountaineer, the luxury cruise train operation that will rebrand itself as Canyon Spirit next year, has offered a ...
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Union Pacific's adjusted profit grew to $1.8 billion in the second quarter as merger rumors to swirl around the nation’s ...
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