Union Pacific plan to merge with Norfolk Southern
To be called The Union Pacific Transcontinental Railroad.
UPRR's announcement:
"Union Pacific and Norfolk Southern to Create America’s First Transcontinental Railroad"
"Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) today announced an agreement to create America’s first transcontinental railroad. These legendary companies will seamlessly connect over 50,000 route miles across 43 states from the East Coast to the West Coast, linking approximately 100 ports and nearly every corner of North America. This combination will transform the U.S. supply chain, unleash the industrial strength of American manufacturing, and create new sources of economic growth and workforce opportunity that preserves union jobs. ... "
posted from CPRR Discussion Group at 11:22 AM
1 Comments:
"Union Pacific announced the purchase of Norfolk Southern for $85 billion, in what would be the largest freight rail merger in U.S. history. The deal will create the first unified coast-to-coast rail network under a single company, spanning more than 50,000 miles of track across 43 states, and promises annual synergies of $2.75 billion."
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