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Union Pacific announces bid for Norfolk Southern to create transcontinental railroad

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OMAHA, Neb. (AP) — Union Pacific is seeking to buy Norfolk Southern in a deal valued at $85 billion in a merger that could trigger the final wave of railroad…
Union Pacific is seeking to buy Norfolk Southern in a deal valued at $85 billion in a merger that could trigger the final wave of railroad mergers across the country.
The merger would create the first transcontinental railroad in the United States worth more than $200 billion. The railroads said the tie-up would streamline deliveries of raw materials and goods across the country.

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