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 ...
Union Pacific is pushing back its formal merger application for another two weeks, on account of a delay in the filing process. According to CEO Jim Vena, the railroad had initially planned to file ...
SMART Transportation Division (SMART-TD), the largest rail labor organization in the U.S., tells CNBC it will oppose the proposed merger between freight rails Union Pacific and Norfolk Southern. The ...