Union Pacific, Norfolk Southern Railway
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Union Pacific Corp. and Norfolk Southern Corp. confirmed last week that they are in advanced discussions on the possibility of a merger. This sounds like high-level stock market stuff that barely registers on our everyday lives,
The business news last week was the announcement of a potential merger of two giant railroads. Union Pacific is considering acquiring or merging with Norfolk Southern. This could have potential impact in our area.
Thousands of rail employees across the region are watching developments that could impact their future. The nation’s four largest railroad companies are mulling plans to merge into just two giant systems.
Canadian Pacific said Monday that it is ending its nearly $30 billion takeover bid for Norfolk Southern, less than six months after it offered to buy the rival railroad.