Union Pacific Announces Merger with Norfolk Southern

Reuters01-30 05:29
Union Pacific Announces Merger with Norfolk Southern

Union Pacific and Norfolk Southern are moving forward with a combination that will create a transcontinental rail network designed to enhance competition and provide more efficient coast-to-coast freight movement. The merger aims to deliver faster, more reliable service for customers shipping across the country by enabling single-line routes and reducing costs. As part of this initiative, Committed Gateway Pricing will be introduced, allowing customers and short lines who may not directly benefit from the single-line service to access predefined, cost-competitive rates. This pricing structure is intended to extend the cost efficiencies and pro-competitive advantages of the merger to a broader range of customers across the U.S. rail network.

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