What To Know About $85 Billion Union Pacific-Norfolk Southern Merger—And First Transcontinental Railroad
1. Union Pacific plans to acquire Norfolk Southern for $85 billion. 2. The merger aims to create America's first transcontinental railroad. 3. SMART Transportation Division opposes the merger, citing safety concerns. 4. Shares of both companies fell after the announcement due to uncertainties. 5. Finalization of the merger is targeted for 2027 pending regulatory approvals.