During UP’s earnings call this week, Jim Vena confirmed that UP and NS merger talks were at an advanced stage. As I’ve been writing for months, this should really come as no surprise to anyone. Now that it’s here, let’s break down some of the different dynamics, incentives, and possible outcomes to create a guide for how we got here and what’s to come.
Why A Merger Was Inevitable…
I wrote a lengthy article about why I felt we were always going to end up here. Some bits from the article,