Railroad merger buzz: Union Pacific posts $1.8 billion Q2 profit, Norfolk Southern deal talk lifts stocks
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Union Pacific reported a strong second-quarter adjusted profit of $1.8 billion, exceeding expectations, as merger speculation with Norfolk Southern intensified. The potential tie-up, aiming to create a transcontinental railroad, faces regulatory scrutiny despite investor optimism fueled by Union Pacific's earnings and the prospect of enhanced connectivity. Shares of railroad operators rose amid merger reports. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
