I noticed in the news that Canadian Pacific and CSX are negotiating a possible merger which, if it goes through, would make the nearly as large as Buffet's Up -BNSF merger. Probably open up a few new markets, too.
A UP/CSX Merger and a BNSF/NS/PAR merger would make more sense or a CP/PAR Merger. Merging in the same areas doesn't make sense. An Ocean to Ocean merger would make more sense.