Morning Minute | July 21, 2025
A new proposed deal could reshape freight railroading, with Union Pacific and Norfolk Southern reportedly in merger talks to create the first true transcontinental railroad. Warren Buffett's Berkshire Hathaway, owning Union Pacific's primary competitor BNSF Railway, looms large with over $347 billion in cash, sparking speculation of a bidding war that could involve other major railroads like CSX. We also cover the U.S. moves to restrict Mexican airlines over cargo and competition concerns, threatening the long-standing partnership between Delta and Aeromexico. This action by the Trump…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.