US railroads seek approval for $85 billion merger
US railroads seek approval for $85 billion merger
ReutersThu, April 30, 2026 at 12:03 PM UTC
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Union Pacific and Norfolk Southern logos are seen in this illustration taken August 5, 2025. REUTERS/Dado Ruvic/Illustration
WASHINGTON, April 30 (Reuters) - Union Pacific and Norfolk Southern on Thursday submitted a revised merger application with the Surface Transportation Board, seeking approval of its $85 billion tie-up to create the first U.S. coast-to-coast freight rail operator.
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The railroads said the deal would save shippers an estimated $3.5 billion annually in arguing in favor of the deal.
(Reporting by David Shepardson, Editing by Louise Heavens)
Source: “AOL Money”
