US Railroads Seek Approval for 85 Billion Dollar Merger
Union Pacific and Norfolk Southern filed for an 85 billion dollar merger today. The deal would create the first coast-to-coast US freight rail operator.
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UNION PACIFIC CORP and NORFOLK SOUTHERN CORP submitted a revised application in the United States for an $85 billion merger. The tie-up would create the first coast-to-coast freight rail operator in the country. The railroads said the deal would save shippers an estimated $3.5 billion annually.
