Conney Pacific, Norfolk South South Tracks

Union Pacific Corporation and Norfolk South Corporation It announced a prominent merger deal on Tuesday that will create the first railway across continents in America, and connect more than 50,000 miles from the coast to the coast.

Union Pacific will receive Norfolk Southern for $ 320 per share in a cash deal and a stock. This offer depends on the unattended Union Pacific share price on July 16 and represents a 25 % premium on the average price of the southern Norfolk size for 30 days to this date.

index	protection	last	Changing	% Change
UNP	Union Pacific Corp.	229.24	+4.50	+2.00 %
NSC	Norfolk Souton Corp.	286.42	+4.04	+1.43 %

While the deal is estimated at 85 billion dollars, the collected companies will be worth more than $ 250 billion.

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If approved, this will determine one of the largest integrations in the history of the United States. It is also the first time that one company has controlled the rail shipments from the eastern coast to the West Coast. Companies have described that the merger will not only reshape the American logistics scene, but it revives the manufacturing in the United States on a large scale, promotes economic growth and creating job opportunities while maintaining union functions at the same time.

Companies also believe that the railway will help the United States compete more effectively with Canadian railways, with the aim of restoring American charging and returning American jobs.

He will also deal with BNSF competition, owned by Perkshire Hathaway from Warren Buffett.

Currently, US shipping railways transport about 1.5 billion tons of goods every year.

“The railway was an integral part From the construction of America since the industrial revolution, and this deal is the next step in the progress of the industry. ”The CEO of Union Pacific Jim Vena said in a statement. Wood from the northwest of the Pacific, plastic from the Gulf coast, copper from Arizona and Utah, and the soda ashes from Wyoming.”

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Companies also said that the continents railways will provide a faster and more comprehensive shipping service for US trucks by eliminating the delay of exchange, opening new roads, expanding multimedia services, shortening the distance times and transporting transport along the main railway corridors. It is also expected to reduce highway congestion, which reduces corrosion and giving roads funded by taxpayers.

Companies said that every union employee, including the train crew and mechanical and engineering workers, will have an opportunity in the integrated entity. Given the growth of the expected volume of railways, there will also be additional job opportunities in cities and cities via the joint rail network, companies reported.

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“This combination is the transformation, and it enhances the best shipping system in the world – it is a victory for the American economy, it is a victory for our customers, and it is a victory for our people.”

Board of Directors of Union Pacific and Norfolk South Unanimously agreed to the transactionWhich is subject to the review and approval of the Surface Transport Council within the legal timetable, the conditions of the usual closure and the approval of the shareholders.

Companies expect to submit their request to the surface transport board within six months. Companies aim to close the deal by early 2027.