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.
Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report.
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.
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.
Union Pacific, the largest publicly-held railroad, is in merger talks with eastern rival Norfolk Southern, according to a published report.
Union Pacific has retained investment bank Morgan Stanley to explore a potential acquisition of a Class I railroad, according to a report.
A federal appeals court has thrown out a rule that gave shippers with poor rail service access to a second railroad.
BNSF asks Surface Transportation Board for emergency order to start southern California-Salt Lake City service over Union Pacific tracks.
That light at the end of the rail merger tunnel is becoming an oncoming investment express.
Surface Transportation Board moves to expedite delayed cases, some of which have languished for years.
CPKC foresees July return to normal service after a botched computer system cutover on former Kansas City Southern.
The Surface Transportation Board has opened a formal review of Watco’s acquisition of Michigan rail short line Great Lakes Central.
The U.S. Supreme Court overturned a lower court ruling, clearing the way for a rail line that would move Utah crude oil to the national rail network.
Short line railroads and their stakeholders took their legislative wishlist to Washington for the annual Congressional lobby event.
Railroad executives told an investors conference that future mergers face likely insurmountable regulatory hurdles.
Surface Transportation Board Chairman Patrick Fuchs has added a team of public-private advisers as he reforms the federal freight rail regulator.
