Union Pacific, Norfolk Southern
Digest more
Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad.
BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s interest in acquiring Norfolk Southern sparked a wave of deal preparations that could reshape the U.
Both Union Pacific and CSX have done a good job of producing high profit margins. But Union Pacific has been more effective with its pricing power, perhaps because of its particular exposure to ...