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📣 "That does not resonate with the customer when you tell them they have fewer options...they have the memories and the trauma of the prior consolidations in this industry. And some of the worst trauma, I'm sorry, [Union Pacific], you caused it.
SummaryView Transcript Rail traffic is UP, but the biggest story in North American rail is the proposed CPKC-KCS merger. We unpack the latest AAR data and hear why Union Pacific and Norfolk Southern CEOs believe this merger will be *better* for consumers, improving service, lowering costs, and bringing trucks off highways. But competitors aren’t convinced. […] The post Rail Merger: UP CEO Says it’s BETTER for Consumers | FreightWaves Today appeared first on FreightWaves.
The CEO of BNSF says Union Pacific’s latest regulatory filing does nothing to change the anti-competitive aspects of the $85 billion rail merger. The post BNSF CEO assails new rail merger filing, says transcon will raise rates, prices appeared first on FreightWaves.
The CEOs of Union Pacific and Norfolk Southern are confident that their merger application addressing competition concerns provides a compelling case for regulatory approval. The post CEOs of UP, NS, say latest additions to rail merger application further enhance competitive aspects appeared first on FreightWaves.
The new commitments include expanded gateway pricing and temporary access to competing rail service if performance slips after the merger.
Union Pacific and Norfolk Southern have added new customer assurances to their merger application filing. The post Union Pacific, Norfolk Southern add new customer protections as STB merger review advances appeared first on FreightWaves.
The companies added commitments, including expanded gateway pricing, to ensure the combined railroad will provide faster, more reliable service as promised.
On July 23, both Union Pacific Corporation (NYSE:UNP) and Norfolk Southern Corporation (NYSE:NSC) delivered their Q2 results, giving investors better insight into which railroad stock is the better play. While both companies reported strong results, NSC’s investment case is now tied to the possible acquisition. Investors must weigh UNP’s standalone growth potential against NSC’s risks […]
The deal would provide Canadian National with access to shipper sites that would face reduced Class I railroad offerings, pending STB approval.
A deal by Union Pacific to win over a key competitor for its merger with Norfolk Southern actually undermines its proposal, says BNSF The post BNSF: New UP-CN deal ‘undermines’ case for merger appeared first on FreightWaves.
Canadian National will support the UP-NS merger in exchange for improved access to markets in the U.S. Midwest and Mexico. The post CN and UP reach settlement on Norfolk Southern merger appeared first on FreightWaves.
Norfolk Southern Corporation (NYSE:NSC) is one of the Best Railroad Stocks to Invest In According to Billionaires. As of Q1 2026, 24 billionaires held the stock. On July 7, Norfolk Southern and Union Pacific submitted the first portion of their responses to the Surface Transportation Board’s request for supplemental information tied to their accepted merger […]
As the Big Boy steam locomotive thundered into Philadelphia for the USA 250 celebration, the CEOs of Union Pacific and Norfolk Southern talked about the proposed merger that could reshape the American supply chain. The post EXCLUSIVE: Union Pacific, Norfolk Southern CEOs talk about the rail merger that could reshape the U.S. economy appeared first on FreightWaves.
Norfolk Southern (NYSE:NSC) and Union Pacific have filed detailed responses with the Surface Transportation Board on their proposed merger. The submissions address regulatory questions around control of jointly owned rail entities and clarify plans to keep certain assets separate after the deal. Both companies signaled ongoing cooperation with the STB as the review process continues. Norfolk Southern, trading at $322.74, is in focus as regulators review one of the largest potential freight...
By David Shepardson WASHINGTON, July 7 (Reuters) - Union Pacific and Norfolk Southern told a U.S. government agency Tuesday they are willing to divest ownership stakes in some smaller railroads as
Union Pacific and Norfolk Southern submitted initial responses to the Surface Transportation Board's request for additional data regarding their proposed transcontinental rail merger. The post Union Pacific, Norfolk Southern submit more merger data appeared first on FreightWaves.
Union Pacific Corporation (NYSE:UNP) is one of the most profitable industrial stocks to buy now. On May 28, the Surface Transportation Board confirmed that it has received the merger application from Union Pacific Corporation (NYSE:UNP) and Norfolk Southern Corporation. The application paves the way for the proposed merger to move forward in the review process. […]
Union Pacific (NYSE:UNP) and Norfolk Southern are the focus of new concerns around a potential merger and its impact on U.S. agricultural shippers. Major farm and grain trade groups are warning that the deal could lead to higher freight rates, weaker rail competition, and pressure on supply chain reliability. The issue is attracting attention because agricultural inputs and crop shipments rely heavily on rail, so any changes in pricing power or service terms could affect costs across the...
Union Pacific's CEO Jim Vena said he's not had any direct conversations with Trump about the government acquiring a 15% stake in the pending UP-Norfolk Southern merger.
The Surface Transportation Board has paused and conditionally accepted review of Union Pacific’s proposed acquisition of Norfolk Southern. Regulators cited unclear and underdeveloped elements in the merger application and requested additional information. The review timeline may extend the potential completion of the deal into late Fall 2027. For Union Pacific (NYSE:UNP), this proposed merger comes at a time when the stock trades around $263.5 and has returned 13.6% year to date and 23.1%...
The STB accepted the railroads' application but flags the proposed deal's "unclear and underdeveloped" aspects.
Union Pacific (NYSE: UNP) and Norfolk Southern (NYSE: NSC) sit on opposite ends of the largest rail deal in U.S. history: a stock-and-cash transaction valued at $320 per share and $85 billion in enterprise value. The Surface Transportation Board (STB) accepted the revised application on May 28, 2026, then paused the review to request more ... Union Pacific vs Norfolk Southern: Which Side of the Megamerger Should You Own?
Trump did not name any specific companies, but Union Pacific's pending acquisition of Norfolk Southern is the only known railroad deal currently in progress.
North America’s freight rail map is about to be redrawn. The proposed merger of Union Pacific (NYSE: UNP) with Norfolk Southern (NYSE: NSC) would create the first transcontinental railroad, and the Surface Transportation Board review will almost certainly require divestitures of regional lines, yards, and equipment. Investors fixate on the operators. The more interesting question ... Brookfield Infrastructure Could Quietly Cash In on the Coming Rail Megamerger
The Surface Transportation Board gave conditional approval of the Union Pacific-Norfolk Southern revised merger application, but asked for more information. The post How rail mega-merger moved ahead, and STB avoided making history appeared first on FreightWaves.
The Surface Transportation Board accepted the merger application from Union Pacific and Norfolk Southern, on the condition that the partners submit more data for evaluation. The post BREAKING: STB conditionally accepts UP-NS rail merger application, wants more data appeared first on FreightWaves.
The Surface Transportation Board accepted the companies' revised $85 billion application but put all proceedings on hold pending more information
Union Pacific refuted claims by the top law enforcement officials of six states that it omitted key data in its revised merger application with Norfolk Southern. The post UP refutes new AG claims, says it provided all answers in merger paperwork appeared first on FreightWaves.
The CEO of Union Pacific said he is confident the revised UP-Norfolk Southern merger application will be accepted by the Surface Transportation Board. The post UP CEO confident rail merger application checks all the STB’s boxes appeared first on FreightWaves.
The Union Pacific–Norfolk Southern merger deserves scrutiny but also serious consideration, because the alternative is a system never built to work.
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