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Norfolk Southern’s earnings rise with volume gains
FreightWaves63d agoneutral
Norfolk Southern’s earnings rise with volume gains

Norfolk Southern posted Q2 earnings that saw operating income rise 5% on revenue that was 11% higher. The post Norfolk Southern’s earnings rise with volume gains appeared first on FreightWaves.

Union Pacific picks up Canadian National's support for its plan to acquire Norfolk Southern railroad
Associated Press63d agoneutral
Union Pacific picks up Canadian National's support for its plan to acquire Norfolk Southern railroad

Union Pacific struck a deal with Canadian National to secure that rival's support for its proposed $85 billion acquisition of Norfolk Southern railroad. The deal to create the nation's first transcontinental railroad has been divisive within the industry because it would concentrate so much market power in the hands of one company that would control more than 40% of all rail traffic and reduce the number of major freight railroads in the United States down to five. BNSF, CPKC and CSX railroads all strongly oppose the merger, but now Canadian National said it will support it after winning concessions from Union Pacific.

First look: Norfolk Southern earnings
FreightWaves63d agoneutral
First look: Norfolk Southern earnings

Norfolk Southern Corp. said Q2 earnings exceeded Wall Street expectations on higher freight volumes and fuel surcharges. The post First look: Norfolk Southern earnings appeared first on FreightWaves.

CN and UP reach settlement on Norfolk Southern merger
FreightWaves63d agoneutral
CN and UP reach settlement on Norfolk Southern merger

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.

EXCLUSIVE: Union Pacific, Norfolk Southern CEOs talk about the rail merger that could reshape the U.S. economy
FreightWaves77d agoneutral
EXCLUSIVE: Union Pacific, Norfolk Southern CEOs talk about the rail merger that could reshape the U.S. economy

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.

Union Pacific, Norfolk Southern submit more merger data
FreightWaves79d agoneutral
Union Pacific, Norfolk Southern submit more merger data

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.

House endorses 25-year old rules for rail merger review
FreightWaves108d agoneutral
House endorses 25-year old rules for rail merger review

Opponents of a controversial transcontinental rail merger hailed the House transportation appropriations committee’s backing of a ‘rigorous’ review of the deal by federal regulators. The post House endorses 25-year old rules for rail merger review appeared first on FreightWaves.

Union Pacific vs Norfolk Southern: Which Side of the Megamerger Should You Own?
24/7 Wall St.115d agoneutral
Union Pacific vs Norfolk Southern: Which Side of the Megamerger Should You Own?

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?

Brookfield Infrastructure Could Quietly Cash In on the Coming Rail Megamerger
24/7 Wall St.118d agoneutral
Brookfield Infrastructure Could Quietly Cash In on the Coming Rail Megamerger

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

How rail mega-merger moved ahead, and STB avoided making history
FreightWaves118d agoneutral
How rail mega-merger moved ahead, and STB avoided making history

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.

Attorney Generals urge STB to reject new rail merger application
FreightWaves121d agoneutral
Attorney Generals urge STB to reject new rail merger application

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.

UP CEO confident rail merger application checks all the STB’s boxes
FreightWaves126d agoneutral
UP CEO confident rail merger application checks all the STB’s boxes

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.