00:00Union Pacific has reached an $85 billion stock and cash agreement to acquire Norfolk Southern,
00:06establishing the first single-entity coast-to-coast freight in U.S. history,
00:11with over 500,000 miles of track across 43 states.
00:16The merger is expected to streamline logistics, reduce delays by eliminating handoffs in Chicago,
00:21and generate substantial synergies, though it may face intense scrutiny from regulators,
00:26labor unions, and shippers concerned about reduced competition and rate increases.
00:32The company plans to file their application within six months, targeting approval by early 2027,
00:39with rivals anticipated to consider their own consolidation moves if the merger is approved.
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