Union Pacific Rejects Government Investment in Proposed $85 Billion Rail Merger

Union Pacific has made it clear that it does not require government funding or ownership participation to move forward with its proposed $85 billion merger with Norfolk Southern, despite recent comments from U.S. President Donald Trump suggesting the federal government could consider taking a stake in strategically important companies.  Speaking in an interview with CNBC, Union Pacific CEO Jim Vena dismissed the idea that outside financial assistance would be necessary to complete the landmark transaction.  “We’re a company that can afford to handle what the price is for this deal,” Vena said....

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Target launches $367M food distribution center in Colorado

Target has taken another major step in strengthening its grocery logistics network with the opening of a $367 million food distribution center in Thornton, Colorado, its largest facility of its kind to date.  The new site marks the retailer’s ninth food distribution center and expands its “food-forward” strategy, which aims to make grocery offerings a core driver of store traffic. Spanning 529,000 square feet of temperature-controlled warehouse space,...

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