Union Pacific CEO Jim Vena expressed confidence in receiving U.S. administration approval for an $85 billion merger with Norfolk Southern, creating a coast-to-coast freight rail giant. The deal is seen as a “win for the country” by senior officials. The merger faces scrutiny from the Surface Transportation Board, with a target close date of early 2027. The company expects $50 million in merger costs.

Read more at Yahoo Finance: Union Pacific CEO Vena says Norfolk Southern merger will win approval