FACTBOX-Major rail mergers that reshaped the US freight network
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Union Pacific plans to acquire Norfolk Southern for $85 billion, creating the first coast-to-coast freight rail operator in the U.S. This merger follows a history of significant rail consolidations that have reshaped the freight network, often facing scrutiny from regulators. Notable past mergers include Burlington Northern & Santa Fe in 1995, Union Pacific & Southern Pacific in 1996, and CSX & Norfolk Southern's acquisition of Conrail in 1998. The landscape of U.S. railroads has been marked by both operational efficiencies and regulatory challenges.
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