Reported about 12 hours ago
Union Pacific and Norfolk Southern are in discussions to merge, aiming to create the largest North American railroad that would link the East and West Coasts. Although the merger talks commenced earlier this year, both companies have not provided comments. There are concerns within the industry regarding the regulatory approval process, especially considering previous challenges with rail mergers. The proposed merger aims to enhance delivery efficiency across the country, yet it faces scrutiny from various stakeholders, including shippers worried about reduced shipping options.
Source: YAHOO