Reported 1 day ago
Union Pacific CEO Jim Vena expressed confidence that the merger with Norfolk Southern, valued at $85 billion, will receive approval from the U.S. administration. He highlighted discussions with senior officials who deemed the merger beneficial for the country. The deal, which aims to create the first coast-to-coast freight rail operator, is currently under scrutiny from the Surface Transportation Board, with a formal application expected by January 29, 2026.
Source: YAHOO