According to a report, the Pacific Union, the largest US railroad and the South Norfolk, can announce the experimental integration agreement early next week.
In his report on Friday, Bloomberg cited sources familiar with the negotiations.
UP based in the Omaha (NYSE: UNP), the largest Class I and NS (NYSE: NSC) railway, headquartered in Atlanta, recently confirmed that they were integrated into advanced discussions that would create the first intercontinental rail if successful. The proposed integration creates a rail -rail with $ 200 billion annual revenue.
The Pacific Ocean and the South Norfolk did not immediately respond to the messages of freight waves they sought to comment.
It is also possible that competitors such as BNSF, CSX (NASDAQ: CSX), CN (NYSE: CNI) and CPKC (NYSE: CP) will enter the surface transport board, which eventually accepts or rejects this contract for balance in any of the emerging competitive problems. Industry observers have said that CN, in particular, can seek access to Mexico, after the CPKC 2023 tie with Kansas City, it turned it into the first carrier of three borders.
In a published timetable guide, STB estimates that the review process can take up to 22 months after the official file is submitted.
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