Railroads' Best Shot at Growth Is a Mega-Merger
A Union Pacific-Norfolk Southern tie-up would come at the right time: The industry has struggled with weak volume growth for years and its cost-cutting strategy is running out of juice.
Union Pacific is in talks to combine with Norfolk Southern and create the first transcontinental railroad in the US.
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
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The revival of deal talks to create the first true transcontinental US railroad suggests another dream of the industry is fizzling out: fundamental growth.