Union Pacific eyes Norfolk Southern merger to form first US transcontinental rail network

Union Pacific proposed to acquire Norfolk Southern for $85 billion. This deal aims to create a coast-to-coast freight railroad. The merger requires regulatory approval. It could reshape US freight logistics. Norfolk Southern's shareholders would receive cash and Union Pacific shares. The combined entity anticipates new revenue and cost savings. The companies will spend two years on integration plans.

from Times of India https://timesofindia.indiatimes.com/business/international-business/railroad-consolidation-push-union-pacific-proposes-85bn-merger-with-norfolk-southern-to-create-first-us-transcontinental-network-stb-nod-seen-as-key-hurdle/articleshow/122979265.cms