Norfolk Southern's COO quit mid-merger – nobody's asking the right question
Leadership bench optimized for integration, but if the deal falls apart…
18 January: ’STB [Surface Transportation Board] finds UP-NS [Union Pacific-Norfolk Souther] merger application is incomplete’.
Damn it!
Fast forward.
Union Pacific management was fairly balanced, bullish yet balanced, during a lengthy call with the sell-side analysts yesterday.
There wasn’t much in the Q4/FY numbers – which were a touch soft but broadly in line against expectations – given Premium’s interest in the UP-NS saga.
(Shares little changed in value during a mixed day in US stock market trade.)
And anyway…
The juicier bits, of course, came regarding ...
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