Rail Giants Union Pacific and Norfolk Southern Discuss Potential Merger

By Hao Liu • Thursday, July 24 15:37 • Permanent Link

Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) have confirmed that they are in advanced discussions regarding a potential business combination. The companies have stated that they do not intend to make additional comments or provide an update on this matter unless and until they determine that disclosure is required or otherwise appropriate.

For Union Pacific, in the most recent period, revenue increased by 7%, reaching $5.6 billion compared to the previous period's $5.2 billion. Operating income also saw an increase of 12%, rising to $2.3 billion from $2.1 billion in the prior period. Additionally, net income experienced a growth of 10%, reaching $1.6 billion compared to $1.45 billion in the previous period.

Regarding Norfolk Southern, the company reported a 5% increase in revenue, reaching $3.8 billion in the most recent period compared to $3.6 billion in the prior period. Operating income also saw a rise of 8%, reaching $1.4 billion from $1.3 billion in the previous period. Net income for Norfolk Southern also grew by 7%, reaching $1 billion compared to $930 million in the prior period.

These metrics indicate positive growth for both companies in the most recent period, setting the stage for potentially impactful discussions and developments in the near future. Following these announcements, the company's shares moved -3.73%, and are now trading at a price of $222.39. For the full picture, make sure to review UNION PACIFIC CORP's 8-K report.

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