Union Pacific and Norfolk Southern power ahead with their merger plans (UNP:NYSE)

Core Viewpoint - Union Pacific Corporation and Norfolk Southern Corporation are seeking approval from the Surface Transportation Board for a merger that aims to establish the first transcontinental railroad in the U.S. [1] Company Summary - The merger will combine the strengths of Union Pacific and Norfolk Southern, potentially enhancing operational efficiency and service offerings in the railroad industry [1]. Industry Summary - This merger represents a significant consolidation in the railroad sector, which may reshape the competitive landscape and improve logistics capabilities across the country [1].