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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.
The Surface Transportation Board granted conditional acceptance of the revised UP-NS merger application. What does that mean for the proposed transcontinental rail merger? The post No hard feelings: UP-NS will see fact-based review appeared first on FreightWaves.
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?
Norfolk Southern promotes a new operations chief with a deep background in eastern railroading. The post New COO for Norfolk Southern appeared first on FreightWaves.
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.
Class A shares of Berkshire Hathaway, owner of BNSF Railway, reversed earlier gains on Thursday after a federal regulator pushed pause on its review of the blockbuster merger between Union Pacific and Norfolk Southern. BNSF, which competes with Union Pacific in the Western U.S., has previously said that the proposed merger will "concentrate too much control of the nation's freight market with one railroad leading to long-term harm to competition and resilience in the nation's supply chain." "BNSF remains firmly opposed to the proposed UP–NS merger," the Berkshire-owned railroad said in a statement on Thursday.
(Updates with Union Pacific and Norfolk Southern comments in the second and third paragraphs and sto
The federal Surface Transportation Board is seeking more information on the impact of combining Union Pacific and Norfolk Southern.
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.
Shares of freight railroads Union Pacific and Norfolk Southern dropped sharply Thursday, after a federal regulator paused the review process for their merger, stating it needed more details to evaluate the transaction. Union Pacific fell 3.5%, and Norfolk Southern is down 5%. While the Surface Transportation Board said it accepted the revised merger application that the two railroads filed in April, it froze the review and will establish another schedule for the remainder of the process.
The Surface Transportation Board accepted the companies' revised $85 billion application but put all proceedings on hold pending more information
The federal Surface Transportation Board is seeking more information on the impact of combining Union Pacific and Norfolk Southern.
↗️ Snowflake (SNOW): Shares surged 38% premarket after the cloud-software company lifted its full-year outlook and struck a $6 billion deal with Amazon (AMZN) to access its chips. Amazon’s shares ticked slightly lower premarket.
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.
A number of stocks jumped in the afternoon session after WTI crude oil fell 4.7% to $92.94, providing direct margin relief to trucking, rail, and logistics companies that spend a sizable percentage of operating costs on fuel.
Shares of freight carrier Old Dominion (NASDAQ:ODFL) jumped 2.8% in the afternoon session after WTI crude oil fell 4.7% to $92.94, providing direct margin relief to trucking, rail, and logistics companies that spend a sizable percentage of operating costs on fuel.
A number of stocks jumped in the afternoon session after WTI crude oil fell 4.7% to $92.94, providing direct margin relief to trucking, rail, and logistics companies that spend a sizable percentage of operating costs on fuel.
A number of stocks jumped in the afternoon session after WTI crude oil fell 4.7% to $92.94, providing direct margin relief to trucking, rail, and logistics companies that spend a sizable percentage of operating costs on fuel.
A number of stocks jumped in the afternoon session after WTI crude oil fell 4.7% to $92.94, providing direct margin relief to trucking, rail, and logistics companies that spend a sizable percentage of operating costs on fuel.
A group of Attorneys General are again urging federal regulators to reject the application for the Union Pacific-Norfolk Southern transcontinental rail merger. The post Attorney Generals urge STB to reject new rail merger application appeared first on FreightWaves.
With NSC shares moving north, we assess the current positioning of the stock to determine if it's a good investment at this juncture.
Union Pacific has proposed a US$85b acquisition of Norfolk Southern (NYSE:NSC). The deal gathered momentum after public comments from President Trump supporting the merger. The proposed combination would create a larger freight rail operator across key U.S. routes. Norfolk Southern, listed as NYSE:NSC, is a major freight railroad operator focused on transporting commodities, industrial products, intermodal containers, and consumer goods across the eastern United States. Freight rail has...
Railroad operator CSX posted Thursday’s highest Vol/OI ratio. With the stock already up 26% year-to-date, a large institution placed a large options bet that the rally has further room to run in the second half of 2026.
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.
Norfolk Southern has outperformed the broader market over the past year, and analysts are cautiously optimistic about the stock’s prospects.
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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