Union Pacific wants to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the ...

S&P could raise its ratings on Norfolk Southern if the merger completes without significant concessions and Union Pacific maintains its ’A-’ rating. Conversely, the outlook could revert to stable if ...

The merged company plans to establish a rail network spanning 43 states, which would be the first transcontinental railroad ...