Windau said, noting that the last major railroad merger - between Canadian Pacific and Kansas City Southern - took 18 months to be completed.
Norfolk Southern, Union Pacific confirm merger talks to create coast to coast railroad
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Edward Jones analyst Jeff Windau said in a research note that even while hauling more less-profitable freight and dealing with reduced fuel surcharges, Union Pacific managed to improve several key operating measures.
Profit of Union Pacific grows 9% as the railroad delivers more but results fall short of Wall Street
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