Whiskey
ID 1882125 © Cheryl Casey | Dreamstime.com

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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