The deal would create the first transcontinental railroad in the United States worth more than $200 billion, combining Union Pacific’s rail network in the West with Norfolk’s rails that snake

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

Union Pacific Corp., North America’s largest railroad, is in advanced discussions with Norfolk Southern Corp. about a potential tie-up in what would be the industry’s largest deal ever.