Union Pacific offers $20 billion cash and one share of its stock to buy Norfolk Southern Tuesday in a merger that could trigger the final wave of railroad mergers across the country.

The blockbuster deal raises the odds that Buffett’s Berkshire Hathaway, which owns the Burlington Northern Santa Fe railroad, ...

BNSF is already trailing Union Pacific in profitability, so the last thing it needs is to worsen its competitive position.

Union Pacific Corp. is acquiring Norfolk Southern Corp. in an $85 billion deal, the companies announced Tuesday, a merger they said will create America's first transcontinental railroad.

Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad ...

Union Pacific Corp. agreed to acquire Norfolk Southern Corp. in a cash-and-stock transaction valued at $85 billion, forming a ...

The merger would create the United States’ first coast-to-coast rail network, spanning 50,000 miles and 43 states.

On Tuesday, Union Pacific, which operates mostly in the Western U.S., announced that it would acquire Norfolk Southern, which ...