Tue, 29 Jul 2025
Union Pacific agrees to buy Norfolk Southern, establishing a $250bn colossus with 50,000 miles of track.
* A massive $85 billion deal will merge two US railroad giants, Union Pacific and Norfolk Southern, creating the country's first coast-to-coast freight rail network.
* The new company, Union Pacific Transcontinental Railroad, will cover 100 ports and 43 states along over 50,000 miles of track.
* Executives claim the merger will improve efficiency, reduce congestion on tracks, and cut transit times for customers shipping goods across the country.
* However, unions have expressed concerns about job losses, higher prices, and service disruptions.
* The deal is expected to be approved despite these concerns, with Union Pacific's CEO saying they are "comfortable" dealing with any issues that arise.
* The merger will create a massive company worth $250 billion, which will link major ports on the East and West coasts for the first time in US history.
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