UK investment analyst seeks paths to Class I mergers

UK investment analyst seeks paths to Class I mergers

Norfolk Southern power ieads a westbound intermodal train on Union Pacific at River Forest, Ill. A UK investiment advisory firm sees an NS-UP combination as a possible merger scenario, but less likely than CSX-UP and NS-BNSF. David Lassen With only six Class I freight railroads remaining and stringent merger rules set by the Surface Transportation Board’s 2001 framework, the consensus largely held that the window for large-scale transactions was…