ATLANTA — Atlanta-based Norfolk Southern confirmed on Thursday that it is in merger talks with Union Pacific.
The merger between two of the country’s major freight railroads would create a single U.S. railroad with service stretching coast-to-coast.
Thursday’s statement is the first time Norfolk Southern and Union Pacific have acknowledged the talks. The Associated Press and the New York Times reported on a potential merger last week.
Both companies say they will not have any additional comments at this time.
This is a breaking news story. We’ll break down the merger talks on Channel 2 Action News at Noon and 4:00 p.m.
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