If Union Pacific Corp. is successful in acquiring Norfolk Southern, Atlanta would lose the headquarters of one of its newest Fortune 500 companies.
Both companies announced Tuesday morning to merge both railroads to create “America’s First Continental Railroad.” If approved, the combined company would provide seamless rail service from coast to coast. The deal will need to be approved by the Surface Transportation Board (STB) and from the shareholders of both railroads.
Norfolk Southern moved its corporate headquarters to Atlanta, which had been its major operations hub, from Norfolk, Va. in 2018. It built a shiny new corporate headquarters campus in Midtown that has graced the skyline since 2021.
The details of the proposed acquisition of Norfolk Southern by Union Pacific are included