Norfolk Southern’s in the news over a proposed $85B merger with Union Pacific, sparking safety fears, labor tensions, and regulatory scrutiny.
Union Pacific's quarterly earnings rose, and it plans an $85 billion merger with Norfolk Southern, pending regulatory approval. The deal aims to create the first transcontinental railroad, but faces opposition from some industry players and regulators. CSX reports a decline in profits amid industry challenges.
Daniel Peterson died at the scene of a train-related accident in Columbus, Montana, after being struck by a moving train while between two tracks. The incident is under investigation by the NTSB. The event highlights ongoing safety concerns within the freight rail industry, particularly at BNSF Railway.