Rail Giants Unite: Union Pacific (UNP) and Norfolk Southern Shareholders Greenlight Historic Merger
Two of North America's largest railroads just got hitched—Wall Street's latest power couple promises 'synergies' (read: layoffs).
When titans collide: The shareholder-approved deal creates a coast-to-coast behemoth, rewriting the rules of freight logistics. Analysts predict regulators will demand concessions—because nothing says 'healthy competition' like a duopoly playing with taxpayer-subsidized tracks.
Bonus cynicism: 'Efficiency gains' start with cutting redundant jobs, end with higher shipping rates—classic corporate algebra where 1+1=3 (for executives' bonuses).
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The votes were NEAR unanimous, with 99% of both railroads’ shareholders voting to support the largest rail merger in history. The deal still needs the blessing of the U.S. Surface Transportation Board before it can be finalized.
