Norfolk Southern, Union Pacific
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Union Pacific and Norfolk Southern are nearing a $200 billion merger that could reshape U.S. freight transport, raising hopes for efficiency and concerns over competition.
Union Pacific (NYSE:UNP) was raised to buy from hold at Jefferies after the railroad operator confirmed it was in talks with Norfolk Southern (NYSE:NSC) about a business combination. Investors should start building a position in Union Pacific (NYSE:UNP) to "get in on the ground level" on what is likely a "transformational" combination,
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WCBD Charleston on MSNNorfolk Southern temporarily closing part of Ashley Phosphate Road railway crossingNorfolk Southern is set to close part of a major railway in North Charleston for emergency repairs, significantly impacting local traffic. The railroad crossing on Ashley Phosphate Road will be closed in both directions for two days starting July 31 while crews replace the track.
Speculation in the railroad industry has intensified in recent weeks following reports that Union Pacific (NYSE:UNP) is exploring a takeover of Norfolk Southern (NYSE:NSC). The proposed deal would link a dominant West Coast operator with a major East Coast rival,
Recent grant from NS boosts efforts for Norfolk & Western No. 611 with $40,000 to support VMT's Rail Heritage Initiatives.
Norfolk Southern’s decision to vent and burn five tank cars of vinyl chloride following the 2023 train derailment is the center of the most recent lawsuit filed against the railroad by residents who lived through the rail disaster.