Norfolk Southern shareholders approve merger with Union Pacific Railroad

This title was summarized by AI from the post below.

Today, during a Special Meeting of Shareholders, Norfolk Southern shareholders voted overwhelmingly — with nearly 99% of the shares cast in favor — to approve the transaction with Union Pacific Railroad. As CEO Mark George shared, "The approval of our shareholders marks a key milestone in our journey to create America’s first coast-to-coast transcontinental railroad, combining complementary networks and capabilities to unlock a multiplier effect for benefits to all stakeholders. The merger will preserve union jobs and improve safety while delivering faster, more reliable transit times. Together with UP, we will make rail more competitive with highways, offering customers new, more attractive shipping alternatives, unleashing the industrial strength of American manufacturing and creating new sources of economic growth across the country.” 🔗 Learn more at https://lnkd.in/eqV8wxRq.

  • No alternative text description for this image
Kenyon Terrell, MSc SCM

Director of Supply Chain and Logistics at Penthol LLC

1w

What could go wrong? Let's just give one railroad more control and leverage In an industry that is already a de facto monopoly.

this merger is a bad idea. UP and NS need to work together instead of merging.

John Myers JD,PhD

General manager public transit

1w

Wait till the layoff’s start.

As I told my boys their whole life “Be careful what you wish for, you might get it”….! Will be some unhappy campers (AND stockholders) in the future. Guaranteed.

Eric Torrence

Founder/President/CEO at SPC Rail Group LLC SPC Locomotive Leasing SPC Locomotive Rebuilding

6d

The STB needs to reject this request to merger

Steve Haynes

HAYNES Logistics Consulting - Retired

1w

Of course they approved. They don’t hold stock to be benevolent.

Steve Blinn

-Traffic Club of Chicago (TCC) President -Midwest Association of Rail Shippers (MARS) President -Highly decorated Naval Aviator war veteran -MBA Marketing/Finance -30 year railroad marketing/sales professional.

1w

No extension required for STB review.

Jonathan G Parker

Director of Operations | Supply Chain & Logistics Leader | Lean Six Sigma | Driving $MM Savings & Scalable Performance | Engineering-Driven Strategy | AI application specialist

5d

Folks complaining about this don’t realize that mergers have been in talks for over a decade. Since Hunter Harrison tried to get the mergers between CP and CSX, and possibly even beforehand. I worked with UP and NS years ago and politically this merger was always whispered in the wings.

Jason Charney

Looking for work as a Web developer or data analyst in St. Louis, Missouri

1w

UP/NS 🤭

Mario Vitkauskas

President at All Stars Intermodal Mobile rework and transload service

5d

BNSFNS 😊

Like
Reply
See more comments

To view or add a comment, sign in

Explore content categories