Union Pacific and Norfolk Southern confirm merger talks to create coast to coast railroad

Union Pacific and Norfolk Southern confirmed that they are in “advanced” merger talks that would create a single U.S railroad with service stretching from the East to the West Coast.

The Associated Press reported last week that the companies were discussing a tie-up but neither company acknowledged that until Thursday morning.

The potential merger would combine the largest and smallest of the country’s six major freight railroads.

Independent railroad analyst Tony Hatch said that the disclosure by the railroads suggests that negotiations are further along than previously thought.

https://www.msn.com/en-us/money/companies/union-pacific-and-norfolk-southern-confirm-merger-talks-to-create-coast-to-coast-railroad/ar-AA1Jd4Ya