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80,000 km rails: megofusion rail new:
80,000 km rails: megofusion rail: This article explores the topic in depth.
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Union Pacific will buy its competitor Norfolk Southern to create the first operator for the transport of rail goods in the United States, an operation which should allow the merged entity to resume market share for road transport, growing.
The acquisition. Furthermore. Furthermore, which will be subject to the vote of the shareholders of the companies concerned, values the target of $ 85 billion, according to a joint statement published on Tuesday.
The union of the two groups will constitute the first railway company connecting the two coasts of the United States. Moreover, a set valued at 250 billion dollars, according to the press release.
The new partners will submit. In addition. Meanwhile, within six months, to 80,000 km rails: megofusion rail new the American Rail regulator, the Transportation Board (STB) surface, their project, which would lead to a high concentration of the sector 80,000 km rails: megofusion rail with the union of two of the first five market players.
For Justin Bergner. Similarly. manager at Gabelli Funds, the file should cause a “complete and pointed” examination from the American authorities, a process which he estimates at least 18 months.
The two companies also said on Tuesday count on a finalization of their union in early 2027.
“We would not have taken this initiative if we were not confident in the fact that we can manage. all the questions that will be raised. ” said Union Pacific Director Jim Vena, during a call conference, about the regulator.
This marriage connects the Norfolk Southern network. concentrated in the third party in the country. to that of Union Pacific, which covers other two thirds to 80,000 km rails: megofusion rail new the Pacific coast.
The whole will have more than 80,000 km of rails, distributed in 43 states.
“This industry has been suffering from a contraction for 80,000 km rails: megofusion rail two decades. ” said Norfolk Southern’s general manager Mark George during the conference call.
The proportion of goods transported by Rail thus increased from more than 14% to 6% between 1998. 2022, according to figures from the United States Ministry of Transport.
“We have abandoned truck market shares, and this (merger) is a way to overthrow this trend,” said Mark George.
Soon another rapprochement?
The merged entity would exceed the current n ° 1 of rail freight. BNSF, controlled by the holding of Warren Buffett, Berkshire Hathaway, since 2009.
BNSF itself arrived at the top of the hierarchy thanks to a series of acquisitions. including the acquisition of Santa Fe Pacific by Burlington Northern in 1995.
“There is a 80,000 km rails: megofusion rail new missing a transcontinental network in the United States. ” said Jim Vena, “which limits the capacities of companies and supply chains.”
As it stands. rail transport from a cargo from one 80. 000 km rails: megofusion rail coast to the other requires unloading the goods at the meeting point between two competing networks and boarding it on another train.
“Imagine that if you wanted to take the plane” from the United States to the other side. “you should take two tickets. board New York, go down to Chicago, change plane and company to go to Los Angeles,” said Jim Vena, comparing passenger transport to rail freight.
Today, “that’s how we treat freight and customers in this country,” he insisted. “It’s quite regrettable.”
The elimination of transit points from one network to another in large logistical nodes like Chicago would increase the. productivity of the rail. reduce the number of necessary 80,000 km rails: megofusion rail new wagons, analysis Justin Bergner.
In detail, the Venerable Union Pacific, born 163 years ago, will offer one of its shares and 88.82 dollars for each title of Norfolk Southern. which amounts to an 11% bonus compared to 80,000 km rails: megofusion rail the closing price on Monday.
The Norfolk Southern action price had climbed during the last sessions. after the two companies confirmed discussions on Thursday for a possible transaction.
On the New York Stock Exchange, around 11:30 am, the Union Pacific action abandoned 1.46%, while Norfolk Southern released 2.11%.
For Justin Bergner. the assembly of Union Pacific. Norfolk Southern should encourage BNSF to get their hands on another heavy goods vehicle in the sector, CSX.
80,000 km rails: megofusion rail new
80,000 km rails: megofusion rail
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