Union Pacific Corporation plans to acquire Norfolk Southern Corporation, potentially creating a giant in the U.S. railway industry

Insiders say that Union Pacific may reach an agreement to acquire Norfolk Southern as early as early next week, creating a railroad giant spanning the continental United States. Due to the confidential nature of the information, these insiders requested anonymity. They indicated that this transaction could be the largest in the history of the U.S. railroad industry, potentially involving a combination of cash and stock. Union Pacific and Norfolk Southern announced on Thursday that they are in advanced negotiations. Insiders also noted that the specific details of the agreement may still change