Union Pacific plans to acquire Norfolk Southern in $85B deal

(NewsNation) — Union Pacific announced a program to get Norfolk Southern successful a woody worthy $85 billion, the railroad elephantine announced Tuesday.

If approved, the projected merger would make the nation's archetypal transcontinental railroad, connecting much than 50,000 miles crossed 43 states, according to the release.

"This operation volition alteration the U.S. proviso chain, unleash the concern spot of American manufacturing, and make caller sources of economical maturation and workforce accidental that preserves national jobs," the companies' merchandise reads.

The woody volition necessitate national approval, which could beryllium analyzable for a woody of this size.