Intermodal ups and downs in a mixed first half for North American railroads
North America’s intermodal operators experienced something of a mixed bag over the three months to ...
Union Pacific’s chief executive, Lance Fritz, has praised an $11bn deal that will see General Electric’s railroad business merge with Wabtec. Not only is UP North America’s largest railroader, it is also one of GE’s major customers. The Wall Street Journal reports Mr Fritz as describing the deal as a “good thing”, noting that it’s “important” that GE continued to participate in the market.
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