Norfolk Southern - Railroad Company Benefits From Robust Domestic Economy, Union Pacific Interested in Acquisition!
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Business Drivers: Norfolk Southern (NSC) is among the leading US rail logistics companies. It specializes mainly in agricultural and industrial raw materials such as grain, coal, and steel, as well as products for the automotive industry and plant engineering. Currently, Norfolk Southern, like many other heavyweights in this segment, can benefit from the continuing robust US domestic economy. On July 17, the Wall Street Journal reported, citing informed sources, that competitor Union Pacific intends to submit a takeover offer for Norfolk Southern....
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