Eliminating interchange should make rail a more attractive option for shippers in nation’s midsection, George and Vena tell analysts
Shippers wary of higher rates, service issues with one entity controlling 52,000 miles of track.
Union Pacific and Norfolk Southern announced a merger that will create the first transcontinental railroad with an enterprise value of more than $250 billion.
Norfolk Southern, which announced an historic merger with Union Pacific, said earnings rose 5% in Q2 as volume grew by 3%.
Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report.
Following news of the Union Pacific-Norfolk Southern talks, the Surface Transportation Board has published a resource guide to rail mergers.
The State of Freight for July looked at what a few key SONAR indices are saying about the market.
Union Pacific and Norfolk Southern on Thursday confirmed that they are in advanced discussions regarding a merger.
Intermodal would be approximately 53% of a combined entity’s volume.
A trio of veteran experts will advise the Surface Transportation Board and chairman Patrick Fuchs as talk of mergers grows louder.
Goldman Sachs is advising BNSF Railway on a possible merger, according to a published report, just days after news broke of talks between Union Pacific and Norfolk Southern.
In a business as tightly coupled to its past as railroading, there is much at stake for several individuals in the proposed Union Pacific-Norfolk Southern merger.
Intermodal, coal, and grains are driving Class I railroad traffic higher.
Union Pacific, the largest publicly-held railroad, is in merger talks with eastern rival Norfolk Southern, according to a published report.
Intermodal helped make CPKC the fastest-growing railroad in the second quarter.
That light at the end of the rail merger tunnel is becoming an oncoming investment express.
The National Institutes of Health plans the first comprehensive research project to study the long-term health effects of the 2023 rail disaster in East Palestine, Ohio.
History doesn’t provide a road map for how intermodal traffic may perform in the midst of a trade war, analyst Larry Gross says.
Norfolk Southern board chair Claude Mongeau, who guided the panel after a failed takeover, has resigned.
After small railroad volume growth outperformed the Class I, Norfolk Southern is expanding an interchange program to more than 260 shortline partners.
