Union Pacific, Norfolk Southern File for Merger Approval From Surface Transportation Board

Union Pacific

UNP

decrease; red down pointing triangle and Norfolk Southern NSC -0.14%decrease; red down pointing triangle filed an application with the Surface Transportation Board requesting approval of their proposed merger.

The application, filed Friday, said the merger would boost competition, streamlining pricing of interline moves for thousands of customer locations. It also would allow the industry to compete more effectively with long-haul trucking, the companies said.