US railroads seek approval for $85 billion merger-June 2024-www.financetom.com

US railroads seek approval for $85 billion merger

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US railroads seek approval for $85 billion merger

Apr 30, 2026 5:19 AM

WASHINGTON, April 30 (Reuters) - Union Pacific ( UNP )

and Norfolk Southern ( NSC ) on Thursday submitted a revised

merger application with the Surface Transportation Board,

seeking approval of its $85 billion tie-up to create the first

U.S. coast-to-coast freight rail operator.

The railroads said the deal would save shippers an estimated

$3.5 billion annually in arguing in favor of the deal.

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