Freight railroad giants Union Pacific and Norfolk Southern have announced a merger agreement, poised to create the nation's first transcontinental railroad, connecting vast swathes of the country.

Union Pacific Transcontinental Railroad will strengthen U.S. supply chain, economy, and domestic manufacturing; preserve union jobs.

Union Pacific and Norfolk Southern announced a merger that will create the first transcontinental railroad with an enterprise value of more than $250 billion. The post Union Pacific and Norfolk Southern reach $85 billion merger deal appeared first on FreightWaves.