Union Pacific and Norfolk Southern, two of the largest freight rail companies in America, have announced that they have reached the final stages of negotiations to merge with the aim of creating a single national rail system from East to West across the country. This was reported by Zamin.uz.
If this merger takes place, it will go down in history as the largest railroad union in the last decade. These two companies are the largest and smallest among the six major freight rail companies in the United States.
The main benefit expected from the merger is aimed at increasing efficiency. This will improve shipping speeds, reduce logistics costs, and enhance service quality.
At the same time, Union Pacific announced its financial results for the last quarter. The company's net profit amounted to 1.8 billion dollars, with earnings per share reaching 3.03 dollars.
This figure was higher than investors expected. The company's revenue reached 6.2 billion dollars, marking a 2 percent increase compared to the previous year.
This information indicates the company's financial stability and future growth prospects. After the merger, new opportunities in the railway sector are expected to emerge.
