Union Pacific and Norfolk Southern say rival alliances bolster their merger case

Union Pacific and Norfolk Southern say rival alliances bolster their merger case

Union Pacific and Norfolk Southern doctored the road numbers on their locomotives in this image to reflect the founding years of their railroads; 1827 for Norfolk Southern’s oldest predecessor and 1862 for Union Pacific. UP/NS LAGUNA BEACH, Calif. — Union Pacific CEO Jim Vena and Norfolk Southern CEO Mark George say the interline partnerships that BNSF, CSX, and Canadian National have announced recently are proof that the proposed UP-NS merger w…

Union Pacific CEO Vena says Norfolk Southern merger will win approval - Regional Media News

(Reuters) -Union Pacific CEO Jim Vena said on Wednesday he was confident that the railroad operator would receive a merger approval from the U.S. administration over its deal with Norfolk Southern. In July, Union Pacific announced an $85 billion stock-and-cash acquisition of the smaller rival, which, if approved, would create the country’s first coast-to-coast freight rail operator. Speaking at a Morgan Stanley Conference, Vena said he has met w…