Union Pacific, Norfolk submit papers for regulatory review of $85 billion merger
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Union Pacific and Norfolk Southern have filed an application with the U.S. transport regulator for an $85 billion merger to create the first coast-to-coast freight railroad. The review process by the Surface Transportation Board could take 12 to 18 months, with a target close in early 2027. The merger has faced criticism from unions, lawmakers, and rival railroads.
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