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Union Pacific, Norfolk Southern submit new merger application

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(The Center Square) – Union Pacific and Norfolk Southern on Thursday submitted a new merger application to the U.S. Surface Transportation Board that would create the country's first transcontinental railroad.

The $85 billion acquisition of Norfolk Southern by Union Pacific would "drive growth, enable substantial cost savings for shippers and strengthen the U.S. supply chain," Norfolk Southern said.

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​Dan McCaleb is the executive editor of The Center Square. He welcomes your comments. Contact Dan at dmccaleb@thecentersquare.com.

Originally published on thecentersquare.com, part of the BLOX Digital Content Exchange.

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