News brief
The first U.S. transcontinental railroad rolls closer to reality.
Union Pacific, a rail network in the West, is seeking to buy Norfolk Southern鈥檚 tracks that snake across Eastern U.S. states. If the $85 billion deal is approved, the merger would create the first transcontinental railroad in the United States and potentially trigger a final wave of rail mergers across the country. Regulators are scrutinizing the deal as no single entity has controlled that coast-to-coast passage, which stretches more than 50,000 miles of track through 43 states.听
Associated Press
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