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The regulator rejected motions to dismiss the $85 billion merger application, but new board member Richard Kloster said the railroads still have “a long way to go” to prove the deal serves the public interest.

A whistleblower alleges she was pressured to report “zeros” and conceal animal deaths after the 2023 East Palestine derailment. The testing company denies the allegations.

Trade associations representing chemical and fertilizer shippers, among others, say the merger could negatively impact competition.

Among the major deals in focus are Paramount Skydance and Warner Bros. Discovery’s merger, Fertitta Entertainment’s acquisition of Caesars Entertainment, Norfolk Southern’s merger with Union Pacific, and FedEx’s acquisition of InPost.

Union Pacific CEO Jim Vena is critical of rival railroads’ plans to request trackage rights over a combined UP-Norfolk Southern system. “The idea to give up tracks of your railroad for no reason at all just goes against the fundamental principle of how … business should work,” Vena told an investor conference. Last week BNSF […] The post Union Pacific blasts rival railroads’ trackage rights requests appeared first on FreightWaves.

Norfolk Southern (NYSE:NSC) said higher fuel prices are expected to pressure its operating ratio in the second half of the year, reversing the tailwind management had anticipated just two months earlier, while the railroad sees opportunities to gain freight share from trucking and continue investing

Record US diesel at $6.31 a gallon nationwide, and up to $8 in California, is reshaping how freight moves across the country. Fuel is suddenly the main character, not background noise, and that creates both pressure and openings for railroads and large freight operators. This article walks through three US rail and logistics stocks exposed to this fuel shock and explains why some investors are watching them closely right now. The three stocks covered below are just a sample from this freight...

CSX (NasdaqGS:CSX) plans to seek broad access rights if the proposed Union Pacific and Norfolk Southern transcontinental merger proceeds. The freight carrier intends to request entry to pivotal corridors and shared terminals that could be controlled by the combined rail operator. CSX has raised competition concerns, arguing that the merger could reshape freight flows across the North American rail network. The plan to pursue merger contingent access deals only captures part of the CSX story...

Norfolk Southern has given long term shareholders a powerful ride over the past three years, so the obvious follow up is whether the current US$317 share price still lines up with the cash the business is expected to generate. With the stock easing in recent weeks, the focus shifts to what its cash flows actually support rather than just where the chart has been. Norfolk Southern has returned 64.5% over the past three years, which raises a clear question about how much future cash generation...

Norfolk Southern says intermodal’s next growth phase will depend on making rail as simple, predictable and accountable as trucking through stronger terminal performance and a coast-to-coast merger. The post Norfolk Southern: New intermodal era about removing rail friction appeared first on FreightWaves.

The daily rail service to Huntsville, Alabama, extends the Port of Charleston's connectivity to more markets, including Middle Tennessee.

Union Pacific (UNP) is set to benefit from continued volume gains in 2027, along with pricing tailwi

UBS upgraded Union Pacific to a buy rating Wednesday, expecting another year of strong volume growth. Also, a potential merger with Norfolk Southern could support an "attractive upside." The firm's analysis of key markets suggests 3.5% volume growth in 2027, while intermodal and merchandise pricing compared with the truckload market points to a strong tailwind.

Find insight on Union Pacific, BMW, J.B. Hunt Transport Services and more in the latest Market Talks covering the auto and transport sector.

Union Pacific's (UNP) EPS growth and stock price appreciation in 2027 could be driven by multiple dr

Disposition was non-discretionary, executed to cover tax withholding on vesting restricted stock units. George's direct holdings increased to 22,783 shares, representing 0.0101% ownership.

SC Ports and Norfolk Southern launched daily intermodal rail service between Charleston and Huntsville, expanding the port’s inland reach. The post SC Ports, Norfolk Southern expand intermodal access to Huntsville appeared first on FreightWaves.

Canadian National Railway Company (CNR.TO) filed a description with the Surface Transportation Board

Railroad stocks like Union Pacific, CSX, and Wabtec are outpacing the S&P 500 in 2026, fueled by industry consolidation, merger talk, and strong margins from precision scheduled railroading.

Although Norfolk Southern has trailed the broader Nasdaq Composite over the past year, analysts are fairly bullish about the stock’s prospects.

More than 100 House Democrats urged the Surface Transportation Board to prioritize rail jobs in its review of the proposed Union Pacific-Norfolk Southern merger. The post 102 Dems to STB: Put labor first in UP-NS rail merger review appeared first on FreightWaves.

Regulatory moves put the Union Pacific merger in focus The Surface Transportation Board has extended the deadline for stakeholders to signal whether they will participate in the review of the proposed Union Pacific (UNP) merger with Norfolk Southern. Investors are assessing what this extra time could mean. Union Pacific’s share price has slipped about 6.7% over the past week but remains supported by a 90 day share price return of 9.8% and a year to date share price return of 24.9%, while the...

Union Pacific (NYSE:UNP) executives said the company is moving into the merits phase of federal review for its proposed merger with Norfolk Southern, expressing confidence that the transaction will satisfy Surface Transportation Board requirements and create customer, safety and financial benefits.

The technical signals suggest that now might not be a time to jump into the sector, with one exception.

On July 27, Union Pacific Corporation (NYSE:UNP) and Norfolk Southern Corporation (NYSE:NSC) enhanced their joint merger application with expanded customer protections sent to the Surface Transportation Board (STB). Seeking to create the first single-line transcontinental network, the rails offered terms going beyond prior Class I combinations. They proposed doubling Committed Gateway Pricing eligibility to preserve […]

Union Pacific and Norfolk Southern insist their merger application meets regulatory thresholds and urge the STB to proceed with the review. The post Union Pacific, Norfolk Southern defend rail merger application as STB review advances appeared first on FreightWaves.

Norfolk Southern and Wabtec to modernize propulsion systems for dozens of older locomotives. The post Norfolk Southern, Wabtec set locomotive upgrades to AC power appeared first on FreightWaves.

Newly released government documents raise questions about what the public was told about health risks after 2023 Norfolk Southern derailment of a train carrying chemicals.

A proposed freight rail merger could help birth a dramatic expansion of passenger rail service in the sprawling Atlanta metropolis, and benefit trucking, too. The post Rail mega-merger revives proposal for new, expanded Atlanta passenger services — and there’s a trucking angle appeared first on FreightWaves.

State-owned Palmetto Railways is turning to a familiar face to head its corporate team. The post Rail consultant returns to lead South Carolina short line appeared first on FreightWaves.