Trefis42d agoneutral
Is FedEx's Growth Story Getting Lost In The Costs?The delivery giant is posting impressive sales growth, but a tangle of new expenses has investors hitting the brakes.
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FreightWaves57d agoneutral
UP CEO says no thanks to potential government investment in $85B mergerUnion Pacific CEO Jim Vena stated the company can afford its $85 billion Norfolk Southern merger without federal investment. The post UP CEO says no thanks to potential government investment in $85B merger appeared first on FreightWaves.
FreightWaves58d agoneutral
House endorses 25-year old rules for rail merger reviewOpponents of a controversial transcontinental rail merger hailed the House transportation appropriations committee’s backing of a ‘rigorous’ review of the deal by federal regulators. The post House endorses 25-year old rules for rail merger review appeared first on FreightWaves.
The Wall Street Journal68d agobearish
Berkshire Stock Falls After Railroad Merger Hits SnagClass A shares of Berkshire Hathaway, owner of BNSF Railway, reversed earlier gains on Thursday after a federal regulator pushed pause on its review of the blockbuster merger between Union Pacific and Norfolk Southern. BNSF, which competes with Union Pacific in the Western U.S., has previously said that the proposed merger will "concentrate too much control of the nation's freight market with one railroad leading to long-term harm to competition and resilience in the nation's supply chain." "BNSF remains firmly opposed to the proposed UP–NS merger," the Berkshire-owned railroad said in a statement on Thursday.
MT Newswires68d agoneutral
Update: Union Pacific-Norfolk Southern Merger Review Paused by Federal Regulator(Updates with Union Pacific and Norfolk Southern comments in the second and third paragraphs and sto
The Wall Street Journal68d agoneutral
The $71.5 Billion Merger of Two Giant Railroads Just Hit a SnagThe federal Surface Transportation Board is seeking more information on the impact of combining Union Pacific and Norfolk Southern.
The Wall Street Journal69d agobearish
Shares of Union Pacific, Norfolk Southern Drop as Merger Hits SnagShares of freight railroads Union Pacific and Norfolk Southern dropped sharply Thursday, after a federal regulator paused the review process for their merger, stating it needed more details to evaluate the transaction. Union Pacific fell 3.5%, and Norfolk Southern is down 5%. While the Surface Transportation Board said it accepted the revised merger application that the two railroads filed in April, it froze the review and will establish another schedule for the remainder of the process.
The Wall Street Journal69d agoneutral
The $71.5 Billion Merger of Two Giant Railroads Just Hit a SnagThe federal Surface Transportation Board is seeking more information on the impact of combining Union Pacific and Norfolk Southern.
FreightWaves70d agoneutral
Attorney Generals urge STB to reject new rail merger applicationA group of Attorneys General are again urging federal regulators to reject the application for the Union Pacific-Norfolk Southern transcontinental rail merger. The post Attorney Generals urge STB to reject new rail merger application appeared first on FreightWaves.