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Stock impact report

EXCLUSIVE: Rail merger critics should “quit looking backward,” says Union Pacific CEO [Yahoo! Finance]

Union Pacific Corporation (UNP) 
Last union pacific corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: up.com/investors
Company Research Source: Yahoo! Finance
In The Tempest , Shakespeare wrote, “what's past is prologue,” meaning history sets the context for the present and dictates future events. Except, apparently, when it comes to transcontinental railroads. In an exclusive interview with FreightWaves, Union Pacific Chief Executive Jim Vena fired back at critics of his blockbuster merger with Norfolk Southern, insisting it won't have the lasting price and service issues that have accompanied past transportation consolidations even as it reshapes the U.S. supply chain. “People have to quit looking backwards and look at what's possible,” Vena said by phone from UP's Omaha headquarters. Union Pacific (NYSE: UNP ) has faced withering criticism from industry observers who declared the math supporting the $85-billion transaction with NS (NYSE: NSC ) didn't add up. Jim Vena Bur Vena said it was a “mistaken view” to see it just through the numbers.“You have to look at the quality aspect, as well. The people and companies that manufact Show less Read more
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