Transcontinental Railroad: Union Pacific's $72B Gamble
Update: 2025-09-12
Description
A $72 billion railroad mega-merger? Union Pacific CEO Jim Vena pitched Trump on a deal with Norfolk Southern to create the first coast-to-coast freight rail network, promising boosted competition and union job protection. With investors watching and Norfolk Southern stock rising, will Trump's potential support sway regulators, especially against Biden's tougher stance on corporate consolidation? The Surface Transportation Board holds the keys to this game-changing deal, slated for a possible 2027 completion.
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