Union Pacific CEO, Trump Discussed $72 Billion Rail Deal (2)

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.

The conversation highlights how Union Pacific is engaged at the highest levels of government as it works to create ...