Union Pacific, Norfolk Southern
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Union Pacific is working with Morgan Stanley investment bankers to provide guidance on the potential acquisition of another Class I railroad, the online publication Semafor reported on Wednesday, citing people familiar with the matter.
As the carriers plan two significant mergers, the leadership of the rail unions is collaborating with management to withhold information and divide workers.
Union Pacific's adjusted quarterly profit rises to $1.8B as merger rumors swirl around the nation's largest railroad.