What will a merger do to us ?
6 replies (most recent on top)
It will happen. It's the only way to further reduce headcount at all of the railroads; combine and cut. The major shareholders (ie. Vanguard, Blackrock etc.) of UP are the same as CSX, NS, Berkshire. They want their money!
Listen a transcontinental True railroad From east to west under one Company-will make the current administration sing for joy with the national Anthem!!!!!
Believe me it’s going to happen- they will say it’s making America great again - and us Union middle class workers will be forced into true slavery -
The talk is just an attempt to deflect and keep the heat being generated by the current stock price and overall operational failures off of Team JV.
He's not delivering and needs a distraction.
It would probably eliminate more jobs that are very necessary for the industry to function. I seriously doubt it would happen for the UP considering the STB is already up the UP's backside with a high-powered microscope looking at everything and just waiting for the UP to sc--w up. The UP isn't well liked by a lot of regulatory bodies right now. Many of them have called out the UP business models for what it is already, so the likelihood of a big merger involving the UP is very slim. The stock has been dropping, derailments have ticked up, employee fatalities and injury rates have increased, equipment failure are increasing. The UP has to prove that a merger will increase business, not slow it down. The UP has a difficult time moving with what they already have now.
Nothing, it would be same $hit show just possibly different railroad name.
Short term it may give the miniscule of common sense amongst management the leeway to explain to the board the need to hire and staff whatever super railroad emerges from the merger. This will come due to whatever meltdowns come from the merger and conflicting management entanglements (managerial incompetence displayed in a time of need) The stock will boost up for awhile. Long-term some sleaze ball low life con artists will reimplement some reworded version of deferred maintenance / PSR and recripple the rail industry.