The president offered few additional details about the plan or how it would differ from existing food distribution centers that have been the site of chaos and shootings.

Following the July announcement that Union Pacific finalized a deal to acquire Norfolk Southern (pending regulatory approval), we are raising our fair value estimate to $285 per share, from $233.

Senate Democratic Leader Chuck Schumer criticized Union Pacific's plan to acquire Norfolk Southern in a $85 billion deal to create the first U.S. coast-to-coast freight rail operator.