Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report. The post Report: Union Pacific, Norfolk Southern could reach merger deal by next week appeared first on FreightWaves.

Union Pacific, the largest U.S. railroad operator, could reach an agreement to acquire rival Norfolk Southern as soon as early next week, Bloomberg News reported on Friday, citing people familiar with the matter.

Union Pacific Corp. could reach an agreement to acquire Norfolk Southern Corp. and create a transcontinental rail behemoth as soon as early next week, people familiar with the matter said.