Railroad consolidation push: Union Pacific proposes $85bn merger...

Railroad consolidation push: Union Pacific proposes $85bn merger with Norfolk Southern to create first US transcontinental network; STB nod seen as key hurdle

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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.

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