Report: Union Pacific, Norfolk Southern Could Reach Merger Deal This Week

Report: Union Pacific, Norfolk Southern could reach merger deal this week

Union Pacific ES44AC No. 7819 and Norfolk Southern Dash 9-40C No. 8767 lead a train over Chicago’s Sanitary and Ship Canal on March 7, 2015. David Lassen OMAHA, Neb. — Union Pacific and Norfolk Southern could announce a tentative merger agreement as early as this week, according to a published report. Bloomberg cited sources familiar with the talks in its report on Friday. UP, the largest Class I railroad, and Atlanta-based NS confirmed last wee…

Charleston’s still the first stop on the Norfolk Southern line

As it mulls a major corporate merger, Norfolk Southern can trace its family tree back to a small, pioneering railroad founded in downtown Charleston in 1820s.

Key deals this week: Sanofi, SentinelOne, Marex Group, Synovus Financial, Union Pacific and more

Union Pacific nears agreement to acquire Norfolk Southern

Union Pacific, the largest U.S. railroad operator, could reach an agreement to acquire rival Norfolk Southern early this week, Bloomberg News reported on Friday, citing people familiar with the matter.

Union Pacific is said to near deal for Norfolk Southern

Union Pacific Corp. could reach an agreement to acquire Norfolk Southern Corp. and create a transcontinental rail behemoth as soon as early next week, people familiar with the matter said.