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Shareholders of Union Pacific, Norfolk Southern support $85 billion rail merger
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FILE - A Union Pacific freight train travels along the tracks April 17, 2025, in Eloy, Ariz. - photo by AP Photo/Ross D. Franklin, File
OMAHA, Neb. (AP) — Shareholders of Union Pacific and Norfolk Southern backed the railroads’ proposed $85 billion merger to create the nation’s first coast-to-coast rail network. Roughly 99% of both railroads’ shareholders voted to support the largest rail merger in history Friday, but the U.S.