US railroads seek approval for $85 billion merger

Union Pacific and Norfolk Southern logos are seen in this illustration taken August 5, 2025. REUTERS
WASHINGTON, April 30 (Reuters) – Union Pacific ​and Norfolk Southern ‌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.

Reporting by ​David Shepardson, Editing ​by Louise Heavens

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