Union Pacific and Atlanta-based Norfolk Southern confirmed Thursday that they are in merger talks that would create a single U.S railroad with service stretching from the East to the West Coast.

Speculation in the railroad industry has intensified in recent weeks following reports that Union Pacific (NYSE:UNP) is exploring a takeover of Norfolk Southern (NYSE:NSC). The proposed deal would link a dominant West Coast operator with a major East Coast rival,

Recent grant from NS boosts efforts for Norfolk & Western No. 611 with $40,000 to support VMT's Rail Heritage Initiatives.

Norfolk Southern’s decision to vent and burn five tank cars of vinyl chloride following the 2023 train derailment is the center of the most recent lawsuit filed against the railroad by residents who lived through the rail disaster.

CSX stock gained 4.7% in premarket trading on Tuesday after a report said that it was in talks to bring on financial advisors, amid a rise in interest in the sector following reports that Union Pacific was exploring a possible takeover of Norfolk Southern.

The rail unit of Warren Buffett’s firm reportedly hired Goldman as a financial advisor after Union Pacific considers a deal for Norfolk Southern.