Norfolk Southern has significant infrastructure and history ties to Petersburg. Will its merger with Union Pacific untie those ties in any way?

Railroad giant Union Pacific (UNP) has bid to acquire Norfolk Southern (NSC) in a deal worth $85 billion. The proposed merger ...

Union Pacific announced an $85 billion bid to acquire Norfolk Southern, according to AP. The deal would create the first U.S. transcontinental railroad, linking 50,000 miles of track across 43 states, ...

There is precedent in the potential merger after Canadian Pacific joined forces with Kansas City Southern in a $31 billion deal in 2023.

He didn’t provide specifics. Norfolk Southern’s board already has rejected proposals from Canadian Pacific — including one in mid-December that valued the target at about $27 billion.