Over 500 Customers Back Union Pacific-Norfolk Southern Merger

M&A · PartnershipRegulation
โดย PR Newswire·US·Read original
Summary · why it matters

More than 500 customers across nearly every segment of the American freight economy have publicly backed the proposed Union Pacific and Norfolk Southern combination, with support growing through recent Surface Transportation Board filings. Recent filings included more than 150 new letters from customers, first responder organizations, community leaders and elected officials, adding to the more than 2,000 statements submitted with the railroads' amended application. Twenty-three new shippers from industries including agriculture, energy, fertilizer, forest products, food and automotive cited benefits of a single, integrated coast-to-coast rail network, including expanded market access, stronger supply chains, improved reliability and new growth opportunities. Union Pacific and Norfolk Southern say the combined railroad, described as America's first seamless coast-to-coast freight rail network, is expected to generate approximately $3.5 billion in annual savings and shift an estimated 2.1 million truckloads from highways to rail each year. The transaction remains subject to Surface Transportation Board review and approval, with the two companies expecting completion in the third or fourth quarter of 2027.

Impact on stocks 2

Industrials · 2 stocks
Norfolk Southern Corporation
NSC
▲ PositiveRegulationrelevance

Over 500 customers back the Union Pacific-Norfolk Southern merger, which awaits Surface Transportation Board review and approval.

Union Pacific Corporation
UNP
▲ PositiveRegulationrelevance

Over 500 customers back the Union Pacific-Norfolk Southern merger, which awaits Surface Transportation Board review and approval.