Union Pacific Considers Acquisition of CSX or Norfolk Southern
TL;DR
Union Pacific is considering acquiring either CSX or Norfolk Southern to create a transcontinental railroad line, which could increase competition for trucking and benefit under President Trump's policies. CSX and Norfolk Southern stocks rose on reports of the potential deal, while Union Pacific's stock slipped. BofA analysts upgraded CSX and maintained a buy on Norfolk Southern, citing strategic improvements and market potential.
- S&P 500 Giant Union Pacific Eyes CSX, Northfolk Southern For Transcontinental Line Investor's Business Daily
- Exclusive | Railroad Operator Union Pacific Exploring Deal for Norfolk Southern The Wall Street Journal
- Exclusive / Union Pacific has hired bankers for a possible railroad bid Semafor
- Union Pacific Explores Deal for Norfolk Southern, WSJ Says Bloomberg.com
- Rails blockbuster: Union Pacific may be looking to acquire CSX or Norfolk Southern Seeking Alpha
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