Union Pacific stock jumps 3% as earnings near and Norfolk Southern merger reset stays in focus
Union Pacific shares rose about 3% to $228.42 Wednesday as rail stocks rallied ahead of the company’s Jan. 27 earnings release. Regulators last week ordered Union Pacific and Norfolk Southern to revise their $85 billion merger filing, citing missing details. The Surface Transportation Board set a Feb. 17 deadline for the companies to respond. CSX and Norfolk Southern shares also gained nearly 3%.