Union Pacific Corporation and Norfolk Southern Corporation have announced a landmark agreement to establish America’s first transcontinental railroad, linking over 50,000 miles across 43 states. This merger, which involves Union Pacific acquiring Norfolk Southern for a total enterprise value of $85 billion, aims to enhance the U.S. supply chain, boost economic growth, and create job opportunities while ensuring safety and operational excellence. With a focus on improving transit times and reducing highway congestion, the combined company will provide seamless freight services and strengthen U.S. industry competitiveness. Both companies are committed to preserving jobs and investing in communities, targeting a closing of the transaction by early 2027.

Source: https://www.freightweek.org/index.php/en/latest-news/9327-unp-and-nsc-to-create-america-s-first-transcontinental-railroad