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Stock impact report

Vena says UP, NS have capacity to handle merger-related growth [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
the 24% reduction in active trains on the network since it fully adopted Precision Scheduled Railroading in 2019, Chief Executive Jim Vena told an investor conference last week. UP (NYSE: UNP ) and Norfolk Southern (NYSE: NSC ) have said that their merger should produce an 11% surge in volume, including diverting 2 million truckloads annually to rail. “This is real important,” Vena says. “People ask us, ‘What's the railroad like? What kind of capacity do you have?'” Since 2019, UP has boosted train length by 25% while handling its tonnage on 24% fewer trains. “That's who we are at Union Pacific,” he says. UP also has made terminal investments, including at its key Englewood Yard in Houston, to boost capacity. “As we bring in the 2 million loads that we've talked about, that we see as an opportunity out there, we'll be able to put them on the railroad without spending or worrying about whether we have the capacity,” Vena says. UP and NS have told regulators that they plan o Show less Read more
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