All articles tagged with #railway merger
Originally Published 26 days ago — by NBC News
Two major rail unions oppose the proposed $85 billion merger of Union Pacific and Norfolk Southern due to safety, cost, and competition concerns, while the deal has support from other stakeholders and is under review by the Surface Transportation Board.
Originally Published 5 months ago — by Barron's
Union Pacific is considering a potential buyout of Norfolk Southern, which could create a stronger combined rail network but faces regulatory hurdles; Norfolk's stock rose on speculation, while Union Pacific's shares also gained slightly.
Originally Published 2 years ago — by WGN TV Chicago
The U.S. Surface Transportation Board has approved the merger of Canadian Pacific Railway and Kansas City Southern, creating the largest freight company running from Canada to Mexico through the United States. The $31 billion merger will impact 54 crossings on 20 miles of Metra’s Milwaukee District West Line, tripling the number of freight trains each day on the line and causing delays for drivers and first responders. While proponents say it will be good for the economy and decrease greenhouse gas emissions, opponents have long expressed concerns about declining property values, public safety, and the quality of life in affected communities.