Union Pacific Railroad, Norfolk
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Union Pacific is acquiring Norfolk Southern Railroad, with the combination set to create America's first-ever transcontinental railroad, which the companies say was a dream first envisioned by President Abraham Lincoln.
Groups representing rail shippers say they would be opposed to the creation of a transcontinental railroad in the U.S., arguing that further consolidation in the industry would reduce their competitive options,
The US railroad industry has sought consolidation for decades. For Union Pacific Corp. and CEO Jim Vena, the stars are finally aligning.
A new coast-to-coast Amtrak proposal would include stops in Galesburg and Princeton, Illinois, connecting the Midwest to New York and Los Angeles in under 72 hours.
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