Union Pacific, Norfolk Southern merge creating first US transcontinental railroad

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3 months ago
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Union Pacific and Norfolk Southern announced a historic $85 billion merger to create the first U.S. transcontinental railroad, spanning over 50,000 route miles from coast to coast.

Valued at more than $250 billion combined, the deal would be one of the largest rail mergers in U.S. history and aims to boost American manufacturing, jobs, and global competitiveness.

The merger promises faster freight service, fewer delays, expanded routes, and reduced highway congestion.

All union jobs will be preserved, with potential for more employment as rail volume grows, Fox Business has reported.

The transaction, approved by both companies’ boards, still requires regulatory and shareholder approval and is expected to close by early 2027.

read more: https://www.foxbusiness.com/lifestyle/union-pacific-norfolk-southern-merge-creating-first-us-transcontinental-railroad

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