<h2 class="topline-heading">Topline</h2><p>Union Pacific Railroad has secured a merger agreement to acquire rival rail company Norfolk Southern for $85 billion, the company <a href="https://investor.unionpacific.com/static-files/d95bdc18-0714-4d49-ab08-a6661d6a076a" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://investor.unionpacific.com/static-files/d95bdc18-0714-4d49-ab08-a6661d6a076a" data-ga-track="ExternalLink:https://investor.unionpacific.com/static-files/d95bdc18-0714-4d49-ab08-a6661d6a076a" aria-label="announced">announced</a> Tuesday, setting the stage for the establishment of the first transcontinental railroad in the U.S.</p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/68892b40ba7d16f84d9bf012/Rail-Company-Union-Pacific-Close-To-Deal-To-Purchase-Norfolk-Southern/960x0.jpg?cropX1=0&amp;cropX2=2029&amp;cropY1=0&amp;cropY2=1353" alt="Rail Company Union Pacific Close To Deal To Purchase Norfolk Southern" width="100%" height="auto"></div><figcaption><fbs-accordion><p class="color-body light-text" role="button">The merger was announced Tuesday. (Photo by Brandon Bell/Getty Images)</p></fbs-accordion><small>Getty Images</small></figcaption></figure>

<div class="key-facts-element"><p>The rail companies will combine in an $85 billion stock and cash merger, with Norfolk Southern’s debt accounting for $13 billion of the cost.</p></div><div class="key-facts-element"><p>The combined company will be worth over $250 billion, according to a statement.</p></div>

<em>This is a developing story. Check back for updates.</em>

The merged company plans to establish a rail network spanning 43 states, which would be the first transcontinental railroad in the U.S.{ai:summary}<p>Union Pacific Railroad has reached a merger agreement to acquire Norfolk Southern for $85 billion, marking the creation of the first transcontinental railroad in the U.S. The deal includes $13 billion in Norfolk Southern's debt. The combined entity will be valued at over $250 billion. </p><p>This merger is poised to reshape the rail industry landscape significantly. #economy</p>

Union Pacific Will Acquire Norfolk Southern In $85 Billion Merger

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