What happens when railroads get hitched

铁路一旦陷入困境,将如何演变?

The Indicator from Planet Money

2025-08-21

9 分钟
PDF

单集简介 ...

Two freight-rail giants could make history if their $85 billion merger gets approved. Union Pacific’s proposed marriage with Norfolk Southern would create the first coast-to-coast rail network. So why hasn’t it happened before now? Today on the show, the business of train mergers.  Related episodes: How Yellow wound up in the red For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.  Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.   Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
更多

单集文稿 ...

  • NPR. Railroad Park is a couple of blocks of green space in downtown Birmingham, Alabama.

  • You can hear cicadas in the trees.

  • There are turtles swimming in the pond.

  • And just on the other side of the fence, there are train tracks.

  • And these train tracks could be on their way to making history.

  • Along with tracks in San Francisco, Chicago, Phoenix, and Savannah,

  • they could all be connected in the country's first coast-to-coast railroad.

  • Now,

  • that is all assuming a planned merger between some of the country's biggest railroad companies actually happens.

  • And we're talking freight trains here, not people trains.

  • And there is a line of shippers and unions who are against this merger ever leaving the station.

  • This is The Indicator for Planet Money.

  • I'm Adrian Ma.

  • And we're here with a friend of the show, Stephen Basaja from the Gulf States Newsroom.

  • Thanks, Stephen, for bringing us this story.

  • Happy to deliver.

  • And on today's show, we take a whistle-stop tour into the world of mergers.

  • We find out how this can fast-track shipping,

  • inspect the rough track record of past railroad mergers,

  • and learn why both unions and shippers want this latest plan derailed.