Senate Democratic Leader Chuck Schumer criticized Union Pacific's plan to acquire Norfolk Southern in a $85 billion deal to create the first U.S. coast-to-coast freight rail operator. Schumer said Thursday the deal would push "us even further down the road of dangerous consolidation and monopoly

Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an US$85-billion deal to create the country’s first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the U.

Proposed deal would marry Union Pacific’s vast rail network in the West with Norfolk’s rails across 22 Eastern states and the District of Columbia