Ancora built its position in Norfolk Southern in 2023 and 2024. The post Activist investor to reap handsome return in Union Pacific – Norfolk Southern merger appeared first on FreightWaves.

By David Shepardson WASHINGTON (Reuters) -Senate Democratic leader Chuck Schumer on Thursday criticized Union Pacific's plan to acquire Norfolk Southern in a $85 billion deal that would create the first U.

Together, the two would create the first transcontinental freight rail in the United States and the largest freight rail network in the country