Union Pacific and Norfolk Seek 1st Transcontinental Railroad Through a Massive Merger

3 days ago 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 country. The proposed merger, announced Tuesday, would marry Union Pacific’s vast rail network in the West with Norfolk’s rails that snake across 22 Eastern states, and the District of Columbia.