No. of Recommendations: 8
Union Pacific CEO Jim Vena wrote a letter to employees reiterating that he thinks the merger is great for America because it would enable the railroad to deliver goods more quickly and help the companies that rely on its deliveries of raw materials and finished products.
He said other railroads that have come out against the merger like BNSF tend to look backward at the problems that followed past mergers in the 1990s while he is looking forward to finding the best way to compete against trucks and respond to advancements in technology.
The Omaha, Nebraska-based railroad said it earned $1.79 billion, or $3.01 per share, in the quarter. That’s up from $1.67 billion, or $2.75 per share, a year ago. And without $41 million in merger costs the railroad would have made $3.08 per share but either number would have beat the Wall Street estimates of $2.97 per share.
https://apnews.com/article/union-pacific-norfolk-s... 