Union Pacific, Norfolk Southern explore potential merger
The proposed merger would establish a $200bn coast-to-coast rail company, as well as create the first modern West-to-East single-line freight railroad
Union Pacific and Norfolk Southern are currently in advanced discussions regarding a potential merger, both companies have confirmed.
The outcome of these discussions remains uncertain, and no guarantees can be made about the finalisation of any agreement, they insisted.
Both Union Pacific and Norfolk Southern have indicated that they will refrain from further comments or updates on the matter unless they deem it necessary to disclose information or if circumstances change.
The proposed merger would establish a $200bn coast-to-coast rail company, as well as create the first modern West-to-East single-line freight railroad.
It could transform how goods such as grains, chemicals and autos are transported across the country.
If completed, the deal would merge Union Pacific’s dominant position in the western two-thirds of the US with Norfolk Southern’s 19,500-mile network that spans 22 eastern states.