Union Pacific is in talks to merge with Norfolk Southern, The Wall Street Journal reported Thursday, in a deal that would ...

It would combine the largest and smallest of the country's six major freight railroads, creating a transcontinental railway.

Omaha-based Union Pacific and Norfolk Southern are reportedly in merger talks to create the largest railroad in North America that would connect the East and West Coasts.

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Union Pacific (NYSE:UNP) is exploring a potential acquisition of Norfolk Southern (NYSE:NSC) that would create a $200 billion coast-to-coast rail network, according to a Reuters report late Friday.