NYSE:NSCTransportation
Norfolk Southern Union Pacific Merger Reshapes Transcontinental Rail Investment Story
Norfolk Southern (NYSE:NSC) has entered into a merger agreement with Union Pacific.
The combined company is expected to form what is described as America's first transcontinental railroad.
The deal marks a major change for the U.S. freight rail industry and for both rail operators.
Norfolk Southern, a major U.S. freight railroad focused on the eastern part of the country, sits at the center of long haul cargo flows that link ports, manufacturing hubs, and distribution centers. Union Pacific...