Reported about 7 hours ago
Union Pacific CEO Jim Vena met with President Donald Trump to discuss a proposed $72 billion acquisition of Norfolk Southern as the railroad seeks regulatory approval. They emphasized that the merger would benefit U.S. competition, consumers, and protect union jobs. This high-level engagement signals the company's ambition to consolidate freight rail operations, positioning itself against the trucking industry. The deal is set for review by the US Surface Transportation Board and aims for completion by early 2027.
Source: YAHOO