Union Pacific CEO Jim Vena: Merger with Norfolk Southern Won't Impact Capacity or Communities

Union Pacific's CEO Jim Vena states that the railroad has enough capacity to handle projected merger-related traffic growth, thanks to a 24% reduction in active trains since adopting Precision Scheduled Railroading in 2019. The merger with Norfolk Southern is expected to produce an 11% surge in volume, including diverting 2 million truckloads annually to rail. UP has made terminal investments and boosted train length by 25% while handling tonnage on 24% fewer trains. The company plans to spend $1.1 billion on main line and terminal improvements.