Omaha-based Union Pacific Railroad’s announcement Tuesday that it is acquiring the Norfolk Southern Railway — a move that would create the first transcontinental, coast-to-coast rail system — drew praise from Nebraska’s public and business leaders.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Union Pacific CEO Jim Vena has climbed the railroad ranks since he was a teenager making mere dollars to maintain tracks to millions in the c-suite. He shares his advice for Gen Z.

Two of the largest US railroads, Union Pacific (UNP) and Norfolk Southern (NS), announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad.

Union Pacific's adjusted profit grew to $1.8 billion in the second quarter as merger rumors to swirl around the nation’s largest railroad

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,