US Edition[Satire] What To Know About $85 Billion Union Pacific-Norfolk Southern Merger—And First Transcontinental Railroad
UNITED STATES, JUL 29 – The merger aims to reduce delivery delays by linking rail networks across 43 states, creating a $250 billion company and preserving union jobs, officials said.
- Tuesday, Norfolk Southern Corporation announced an agreement with Union Pacific Corporation to create the first transcontinental railroad in America, with the railroads saying the deal would improve delivery efficiency.
- The companies said the merger would eliminate several days of delays when shipments are handed off between railroads, streamlining deliveries of raw materials and goods.
- The transaction would give Norfolk Southern shareholders one Union Pacific share and $3.29 in cash per share, if approved.
- Following the announcement, Union Pacific and Norfolk Southern said they plan to file for approval within six months and hope to complete the deal by early 2027.
- With potential approval, the deal could trigger a final wave of railroad mergers, as antitrust regulators at the Surface Transportation Board will scrutinize it closely.
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84 Articles
Nebraska leaders praise Union Pacific merger to create coast-to-coast rail system based in Omaha • Nebraska Examiner
The Union Pacific and Norfolk Southern Railroads announce plans to create the first transcontinental railroad. (Courtesy of Norfolk Southern)OMAHA — Omaha-based Union Pacific Railroad’s announcement Tuesday that it is acquiring the Norfolk Southern Railway — a move that would create the first transcontinental, coast-to-coast rail system — drew praise from Nebraska’s public and business leaders. Omaha Mayor John Ewing Jr. lauded U.P.’s decision t…
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The Tribune-DemocratUnion Pacific and Norfolk Southern seek 1st transcontinental railroad through a massive merger
The proposed merger, announced Tuesday, would marry Union Pacific’s rail network in the West with Norfolk’s rails that snake across Eastern states. The nation was first linked by rail in 1869, when a golden railroad spike was driven in Utah…
Union Pacific, Norfolk Southern to Create First Transcontinental Railroad - The Pennsylvania Daily Star
Union Pacific and Norfolk Southern plan to create America’s first transcontinental railroad through a merger, connecting over 50,000 route miles across 43 states from the East Coast to the West Coast, the companies announced Tuesday. The effort will link about 100 ports across North America, they said, and will allow them to compete more effectively with Canadian railroads to win back U.S. freight volume and American jobs. The post Union Pacific…
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