Union Pacific’s $85 billion bid to buy Norfolk Southern just got a major boost—Canadian National has agreed to back the deal, paving the way for the first truly transcontinental U.S. railroad. While critics warn the merger could give one giant 40% market control and crush competition, Union Pacific’s CEO says the partnership with CN balances the scales: CN gains critical routes and access to Mexico-bound traffic, while UP reroutes Chicago-bound freight. The Surface Transportation Board will now scrutinize whether this historic consolidation truly serves the public interest—or just concentrates power.
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