Largest US rail union endorses Union Pacific, Norfolk Southern merger after job deal

Core Viewpoint - The largest railroad union in the United States, SMART, has expressed support for Union Pacific's proposed $85 billion merger with Norfolk Southern after obtaining job protection guarantees for its members [1] Group 1: Union Support - SMART's backing of the merger indicates a significant endorsement from a major labor organization, which could influence regulatory approval [1] - The job protection guarantees secured by SMART are crucial for alleviating concerns among union members regarding potential job losses resulting from the merger [1] Group 2: Merger Details - The proposed merger between Union Pacific and Norfolk Southern is valued at $85 billion, highlighting the scale of the transaction within the railroad industry [1] - This merger could reshape the competitive landscape of the railroad sector, potentially leading to increased efficiency and service improvements [1]