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Union Pacific stated that the new company will manage over 50,000 miles of rail lines across 43 states, from the East Coast to the West Coast, linking approximately 100 ports.
The press release states that “this blend will revolutionize the U.S. supply chain, harness the capabilities of American manufacturing, and generate new avenues for economic expansion and job creation, all while maintaining union positions.”
No other train company currently possesses a coast-to-coast network in the United States.
According to the agreement, Union Pacific will compensate Norfolk Southern with $320 per share in cash and its own stock. This signifies a 25% increase over Norfolk Southern's closing price on July 16, when news of the merger surfaced.
source: cnn.com
The press release states that “this blend will revolutionize the U.S. supply chain, harness the capabilities of American manufacturing, and generate new avenues for economic expansion and job creation, all while maintaining union positions.”
No other train company currently possesses a coast-to-coast network in the United States.
According to the agreement, Union Pacific will compensate Norfolk Southern with $320 per share in cash and its own stock. This signifies a 25% increase over Norfolk Southern's closing price on July 16, when news of the merger surfaced.
source: cnn.com
