NYSE:UNPTransportation
Union Pacific Weighs Record Fleet Upgrade Against Merger Uncertainty
Union Pacific (NYSE:UNP) has agreed a US$1.2b deal with Wabtec to modernize its AC4400 locomotive fleet, described as the largest locomotive modernization investment in rail industry history.
The company is also facing heightened regulatory and political attention on its proposed merger with Norfolk Southern, raising questions about timing and conditions for any potential approval.
Union Pacific runs one of the major freight rail networks in the United States, linking key industrial,...