Latest News Updates From Kiel Porter

Brad Jacobs is looking to build the largest building products distribution business in North America. Since relaunching QXO in 2024, the company has spent about $30 billion buying companies.

The major freight carriers are joining with local police, the FBI and corporate security teams, investing millions of dollars in monitoring technology, drones, barbed-wire fencing and other improvements.

The companies pledged four new or expanded commitments in a filing July 27, including allowances for customers to seek temporary alternate rail service in the event of service declines.

Union Pacific and Norfolk Southern say their proposed merger would save shippers $3.5 billion annually in an amended merger application filed April 30.

The CEO of freight rail operator CSX is focused on generating returns from improved efficiency and performance — but he’s also open to merger prospects as industry rivals consolidate.

Katie Farmer, BNSF’s CEO, said the industry should question whether it’s an “accurate premise” that Union Pacific’s proposed takeover of Norfolk Southern will lead eventually to growth in shipping volume.

Analysts have speculated that a Union Pacific-Norfolk Southern tie-up could leave the next-biggest companies in the industry — BNSF and CSX — to at least consider their own combinations.

Union Pacific Corp.’s quarterly earnings topped Wall Street estimates, and the railroad said its 2025 outlook remains the same despite a mixed economic forecast.

U.S. authorities accused Norfolk Southern Corp. of causing repeated delays of Amtrak passenger trains along a lengthy route spanning New York City to New Orleans.

UPS Inc.’s top financial executive, Brian Newman, plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.