Trump, Union Pacific CEO Discussed $72 Billion Acquisition of Norfolk Southern

Union Pacific Corp.’s chief executive officer discussed the railroad’s proposed $72 billion acquisition of rival Norfolk Southern Corp. with President Donald Trump as the company seeks regulatory approval for the deal.

During a meeting in the Oval Office, Union Pacific CEO Jim Vena and the president “discussed how creating an American transcontinental railroad is a win for US competition, consumers and the unionized workers whose jobs will be protected when the merger is approved,” the company said in a statement.