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Union Pacific reports Q1 profit jump, resubmits $85B Norfolk Southern bid.
Union Pacific reported a 5% increase in first-quarter profits, earning $1.7 billion or $2.87 per share, surpassing analyst expectations.
The company is resubmitting its $85 billion bid to acquire Norfolk Southern, aiming to create a transcontinental railroad and boost efficiency.
The merger faces regulatory scrutiny and mixed reactions from labor unions and shippers.
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Union Pacific informa un aumento de ganancias del primer trimestre, vuelve a presentar una oferta de $85 mil millones para Norfolk Southern.