Union Pacific CEO Jim Vena, who has been championing the potential benefits of a rail merger, said this deal could make it possible for lumber from the Pacific Northwest and plastics produced on the Gulf Coast and steel made in Pittsburgh to all reach their destinations more seamlessly.
Union Pacific in bid for Norfolk Southern to create transcontinental railroad
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“And I think it shows the way we are managing the railroad that we know we need to have some asset buffers.” For instance, he said the railroad tries to keep about 500 of its stored locomotives ready to go at any time to help handle unexpected shifts in shipments.
Profit of Union Pacific grows 9% as the railroad delivers more but results fall short of Wall Street
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