The Surface Transportation Board has sent back Union Pacific’s proposed $85 billion buyout of Norfolk Southern for revision, ...
The federal regulators said the railroads failed to project post-merger market share despite claims of expected traffic growth.
If Union Pacific’s merger is approved, it could gain control of train operators who’ve been hauling freight across Chicago for more than a century.
The Surface Transportation Board today issued a setback to Union Pacific’s effort to acquire Norfolk Southern, rejecting the ...
Fighting the merger is a “very high priority for us,” said Zak Andersen, vice president of communications for BNSF Railway.
CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed ...
Two rail giants’ plans to become the first coast-to-coast railroad company through a massive merger is drawing interest from ...
CSX’s earnings fell 22% in the third quarter as the railroad wrapped up two major construction projects that were limiting traffic, but volume was still up slightly and the results were weighed down ...
Investors looked past a 22% drop in CSX’s third quarter earnings Thursday and focused on the direction the railroad’s new CEO might take it and the possibility of any strategic deals. CEO Steve Angel ...