UNP · News · 20260821N

Acquisition / Partnership / Divestiture

UNION PACIFIC CORP · 2026-08-21 · Importance 71 · Surprise 60

Union Pacific and Norfolk Southern are pursuing an approximately $85 billion merger. The Surface Transportation Board restarted its review and set a target for a final decision by summer 2027. The transaction would create the first U.S. coast-to-coast single-line railroad, while opposition filings expected in November remain a key regulatory milestone.

Key facts

• The Surface Transportation Board set an official timeline for its review aiming for a final decision by summer 2027. source
• The Surface Transportation Board resumed its review of the proposed merger with Norfolk Southern. source
• The resumed merger review is now anticipated to extend into 2027. source