Norfolk Southern Corporation (NYSE: NSC) and Union Pacific Corporation (NYSE: UNP) confirmed that the companies are engaged in advanced discussions regarding a potential business combination. There can be no assurances as to whether an agreement for a transaction will be reached or as to the terms of any such transaction.
Union Pacific and Norfolk Southern stated that they do not intend to make additional comments or provide an update on this matter unless and until they determine that disclosure is required or otherwise appropriate.
Gulftainer (GT) has unveiled its strategic plans to develop the Al Dhaid Multi-Modal Trade Corridor—a landmark 150-hectare regional powerhouse with annual capacity of 1.5 million TEUs.
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