Union Pacific CEO makes case for $85B Norfolk Southern merger amid pushback

First on FOX Business: Two of the country’s largest freight rail companies are hoping federal regulators fast-track their merger.Union Pacific is seeking to acquire Norfolk Southern in an $85 billion deal that would create the nation’s first transcontinental railroad, including 50,000 miles of track across almost every state.The merger is awaiting approval from the Surface Transportation Board (STB), an independent federal agency tasked with regulating the rail industry."We know that