Delivering Benefits for All Stakeholders

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Path to Completion

The Boards of Directors of both Union Pacific and Norfolk Southern unanimously approved the transaction.
Shareholders voted to approve the transaction on Nov. 14, 2025
The companies filed their application with the STB on Dec. 19, 2025, in which they describe how the combined network will provide safer, faster and more reliable service and increased competition to a broad range of stakeholders.
The transaction is subject to STB review and approval within its statutory timeline and customary closing conditions.
The companies are targeting closing the transaction by early 2027. 

Delivering Benefits to All Stakeholders

For America

  • Compete more effectively with Canadian railroads to win back U.S. freight volume and American jobs.
  • Unlock rail options for shippers in regions where railroad connections are less efficient, creating a more accessible, sustainable and lower-cost supply chain for manufacturers and consumers.
  • Enable strong international trade routes and offer greater access to U.S.-made goods.

For Safety

  • Safety will remain the top priority. Our focus will remain on ensuring every employee goes home safe to their families and protecting communities where we operate.
  • Improve safety through combined, proven technologies to advance our ability to quickly assess potential mechanical and track defects to reduce incidents and injuries.

For Service

  • Customers will benefit from seamless, single-line service across the country that improves transit times by eliminating car touches and interchange points.
  • Enhancing the rail experience and ease of doing business. Customers will receive single-line rate quotes with one system to track freight, enabling real-time decisions that optimize supply chains.
  • Greater partnerships with short lines and U.S. ports. Access to a unified rail network with a single Class I interface, new services, reduced gateway delays and expanded reach and faster access to new markets.

For Our Workforce

  • Protecting and expanding opportunities for employees. Union employees will have job opportunities with the combined company. Expected rail volume growth will drive additional employment opportunities. Non-union workers will have opportunities to grow as part of a larger, combined enterprise.
  • Preserving the best-paid industrial careers in America. Railroad employees are among the most highly compensated workers across U.S. industries.

For Our Communities

  • Investing in safe, resilient and vibrant communities. Invested a combined $300 million in philanthropic giving 2020-2025, supporting workforce development, safety initiatives and vibrant spaces where people want to live and work.
  • Our goal is simple: zero incidents involving trains, pedestrians, drivers or employees. In addition to Operation Lifesaver programs, the companies trained over 10,000 first responders in 2024.