Norfolk Southern Falls On Union Pacific Buyout
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In 2018 Georgia and Atlanta leaders celebrated a coup: convincing Norfolk Southern to move its headquarters to Midtown Atlanta. Now, that HQ and its jobs could be at risk.
(UP) and Norfolk Southern Corp., major grain shippers and two of the six Class I freight railroads in North America, confirmed they are in “advanced discussions” regarding a potential merger. “There can be no assurances as to whether an agreement for a transaction will be reached or as to the terms of any such transaction,
Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad.