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Union Pacific to acquire Norfolk Southern to create first transcontinental railroad in US
Union Pacific has signed an agreement to acquire Norfolk Southern in a stock and cash transaction, at an enterprise value of $85bn, which will result in a combined enterprise worth over $250bn. This strategic move will create the first modern transcontinental railroad in the US,
As two of America's freight railroads move to merge, industrial supply chains could see both streamlined coast-to-coast shipping and reduced competitive alternatives in an increasingly consolidated ...
The press release describes the railroad as a 'truck-competitive solution,' stating that it will reduce highway congestion ...
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