mergers and aquisitions

Zim, Israel’s flag ocean carrier, confirmed it will be acquired by Hapag-Lloyd of Germany for $4.2 billion.

Hapag-Lloyd said it is in advanced negotiations to acquire the Israeli flag carrier.

Union Pacific and Norfolk Southern urged federal regulators to reject what they claim are efforts by rival railroads to delay the merger process.

The merger filing by Union Pacific and Norfolk Southern doesn’t change the fact that the merger is bad for the economy and consumers, BNSF CEO Katie Farmer said. 

Union Pacific and Norfolk Southern will file their formal merger application Friday with the Surface Transportation Board, detailing historic plans for the first transcontinental railroad. 

Two of the largest U.S. railroad unions oppose the proposed merger of Union Pacific and Norfolk Southern, raising concerns that the first transcontinental rail system could lead to increased safety risks and higher freight rates.

Will joined gas conglomerate CF Industries in 2007 and had served as CEO since 2014

Union Pacific and Norfolk Southern win the backing of Congressmen from Deep South states where they operate for their controversial transcontinental rail merger.

Union Pacific has set a specific date to submit its application to federal regulators for its merger with Norfolk Southern.

Hapag-Lloyd wants to buy Israel’s Zim container line, but Arab investment in the German company could push a deal to another suitor.

As an historic merger is set to reshape the U.S. supply chain, railroads say data proves they are the engine that powers the domestic economy.

U.S. ports urge strict evaluation by Surface Transportation Board of proposed transcontinental rail merger, cautioning on impact to the supply chain and economy.

Collaboration has been driving recent success for U.S. railroads, according to BNSF, and controversial plans for a transcontinental merger are unlikely to benefit shippers, or the rail industry. 

Shares of Union Pacific and Norfolk Southern rise as the railroads count down the days until filing their formal merger application with federal regulators.

A mega-merger of railroads would have to reverse a slow years-long market for freight to produce growth touted by Union Pacific and Norfolk Southern, an industry panel said.

The top law enforcement officers from three states urged federal regulators to approve the $85 billion Union Pacific-Norfolk Southern railroad merger. 

Republican legislators in a letter to federal regulators warn that the merger of Union Pacific and Norfolk Southern could create a rail colossus and with it raise prices and hinder U.S. competitiveness.

The top law enforcement officers for nine states say the merger of Union Pacific and Norfolk Southern threatens national security – and President Trump’s plans for American prosperity. 

A rail mega-merger was an outlier as transport M&A volume fell in the third quarter while geopolitics hastened a downward trend.

Union Pacific and Norfolk Southern took the first official step in their proposed merger as shareholders approved the transcontinental tie-up.