Union Pacific, Norfolk Southern and West Coast
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There is precedent in the potential merger after Canadian Pacific joined forces with Kansas City Southern in a $31 billion deal in 2023.
The combination of two large rail companies would create the first coast-to-coast network, but the deal could reduce competition.
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WCBD Charleston on MSNNorfolk Southern temporarily closing part of Ashley Phosphate Road railway crossingNorfolk Southern is set to close part of a major railway in North Charleston for emergency repairs, significantly impacting local traffic. The railroad crossing on Ashley Phosphate Road will be closed in both directions for two days starting July 31 while crews replace the track.
Speculation in the railroad industry has intensified in recent weeks following reports that Union Pacific (NYSE:UNP) is exploring a takeover of Norfolk Southern (NYSE:NSC). The proposed deal would link a dominant West Coast operator with a major East Coast rival,
Recent grant from NS boosts efforts for Norfolk & Western No. 611 with $40,000 to support VMT's Rail Heritage Initiatives.
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Norfolk Southern’s decision to vent and burn five tank cars of vinyl chloride following the 2023 train derailment is the center of the most recent lawsuit filed against the railroad by residents who lived through the rail disaster.
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Stocktwits on MSNRailroad M&A Frenzy? CSX Rises Premarket As It Reportedly Taps Advisors Amid Union Pacific–Norfolk Southern Deal BuzzCSX stock gained 4.7% in premarket trading on Tuesday after a report said that it was in talks to bring on financial advisors, amid a rise in interest in the sector following reports that Union Pacific was exploring a possible takeover of Norfolk Southern.
The rail unit of Warren Buffett’s firm reportedly hired Goldman as a financial advisor after Union Pacific considers a deal for Norfolk Southern.