US rail merger could create coast-to-coast
Digest more
Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad.
BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s interest in acquiring Norfolk Southern sparked a wave of deal preparations that could reshape the U.