Tag Archives: railroad

Trump Fires Member of Board That Approves Railroad Mergers  The New York Times White House says it fired transportation regulator in latest move to reshape Trump’s government  NBC News Exclusive | Trump Fires Board Member of Regulator Weighing Rail Merger  The Wall Street Journal Trump railroad regulator was fired by White House after Amtrak Acela unveiling  CNBC Trump has fired a Democrat on a …

Trump has fired a Democrat on a federal railroad board. He’s the latest to refuse to leave his post.  Politico Trump railroad regulator was fired by White House after Amtrak Acela event  CNBC White House says it fired transportation regulator in latest move to reshape Trump’s government  NBC News Exclusive | Trump Fires Board Member of Regulator Weighing Rail Merger  The Wall Street Journal …

OMAHA, Neb. (AP) — Union Pacific wants to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the country. The proposed merger, announced Tuesday, would marry Union Pacific’s vast rail network in the West with Norfolk’s rails that snake across 22 …

Union Pacific to buy Norfolk in $85-billion mega US railroad deal  Reuters America’s first transcontinental freight railroad is planned after a megamerger  CNN Union Pacific to Buy Norfolk Southern in $85 Billion Railroad Deal  The New York Times Even the railroad barons never did this: an $85 billion merger stretching from coast to coast  Fortune The rail mega-merger that could transform American supply chains  The …

Union Pacific to Buy Norfolk Southern in $85 Billion Railroad Deal  The New York Times The rail mega-merger that could transform American supply chains  The Economist Union Pacific Bid Values Norfolk Southern at About $320 a Share  Bloomberg Union Pacific and Norfolk Southern to Create America’s First Transcontinental Railroad  Business Wire Union Pacific announces bid for Norfolk Southern to create transcontinental railroad  Newsday Source link

Facebook Tweet Email Link 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. The stock and cash deal would be the largest ever in a sector that has already massively consolidated in recent decades. The deal still needs …

Union Pacific in mega US railroad merger talks with rival Norfolk  Reuters Union Pacific Is in Talks to Merge With Norfolk Southern  The New York Times Union Pacific Nears Norfolk Deal to Create $200 Billion Railroad  Bloomberg BREAKING: Union Pacific, Norfolk Southern confirm ‘advanced’ merger talks  Progressive Railroading Union Pacific in late-stage talks with Norfolk Southern over $200bn deal  Financial Times Source link

A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Union Pacific said on Thursday it was in advanced discussions with rival Norfolk Southern for a possible mega merger that would create a transcontinental railroad behemoth. Norfolk …

Exclusive | Railroad Operator Union Pacific Exploring Deal for Norfolk Southern  The Wall Street Journal S&P 500 Giant Union Pacific Eyes CSX, Northfolk Southern For Transcontinental Line  Investor’s Business Daily Exclusive / Union Pacific has hired bankers for a possible railroad bid  Semafor Union Pacific Explores Deal for Norfolk Southern, WSJ Says  Bloomberg.com Rails blockbuster: Union Pacific may be looking to acquire CSX or …

Union Pacific would need multiple regulatory approvals for either acquisition, providing a high-profile test of the Trump administration’s appetite for mergers. The first step would be the blessing of the Surface Transportation Board, whose Republican chair has privately expressed an openness to a transcontinental merger, Semafor reported in June. It would also have to pass muster with the Justice Department, …