Union Pacific acquires Norfolk Southern for $85 billion
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BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s interest in acquiring Norfolk Southern sparked a wave of deal preparations that could reshape the U.
Both companies improved their operating ratio in the fourth quarter, with CSX's declining to 66.9% from 71.6% in the same period last year while Union Pacific's declined to 62% from 63.2%.
Both Union Pacific and CSX have done a good job of producing high profit margins. But Union Pacific has been more effective with its pricing power, perhaps because of its particular exposure to ...
Source: S&P Capital IQ, author calculations. Union Pacific has a much larger asset base than CSX on which to draw revenue. Yet when it comes to squeezing the most from those assets, CSX falls ...