Union Pacific and Norfolk Southern confirm merger talks to create coast to coast railroad
By MATT OTT
Union Pacific and Norfolk Southern confirmed that they are in “advanced” merger talks that would create a single U.S railroad with service stretching from the East to the West Coast.
Related Articles
-
Light reading: A watching guide for new Disney Starlight parade -
Shaq shines in role as ‘Chief Fun Officer’ at Carnival Cruise Line’s new Bahamas resort -
Federal regulators approve Paramount’s $8 billion deal with Skydance, capping months of turmoil -
Millions of HydroTech hoses recalled after hundreds burst, leaving at least 29 people injured -
Winners, losers, movers: Highlights of US auto sales six months in
The Associated Press reported last week that the companies were discussing a tie-up but neither company acknowledged that until Thursday morning.
The potential merger would combine the largest and smallest of the country’s six major freight railroads.
Independent railroad analyst Tony Hatch said that the disclosure by the railroads suggests that negotiations are further along than previously thought.