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$85 Billion Megamerger Creates First Coast-to-coast Freight Rail Operator in the U.S.
U.S. rail operators, Union Pacific and Norfolk Southern, have agreed to an $85 billion merger that would create the first transcontinental railroad in the U.S., aiming to close the deal by early 2027. The merged company will retain the Union Pacific name and will link Union Pacific’s Western network with Norfolk Southern’s Eastern routes. According