Union Pacific Corp. and Norfolk Southern Corp. are now officially merging to create the nation’s first transnational railroad.
The new entity will connect more than 50,000 route miles across 43 states, from the East Coast to the West Coast, linking approximately 100 ports and reaching nearly every corner of North America, the companies said. It aims to better integrate the U.S. supply chain, boost American manufacturing, and create new sources of economic growth and workforce opportunities that preserve union jobs.
The deal comes at a time when the United States is trying to reverse a trend of overseas outsourcing of manufacturing, bringing factories and jobs back to America….