Union Pacific and Norfolk Southern Respond to STB’s Request for Supplemental Information, Submitting First Round of Their Responses

Author: Union Pacific | July 07, 2026
Key Takeaways:
  • A seamless transcontinental network expands freight options. The combination would create America’s first single-line coast-to-coast railroad with new lanes, faster routing and broader market access.
  • Single-line service reduces supply chain friction. Fewer handoffs and more direct routing are designed to improve speed, reliability and efficiency for long-distance freight movement.
  • The proposed combination strengthens American competitiveness.The applicationhighlights supply chain growth, new union jobs, and expanded rail capacity as long-term economic benefits.

OMAHA & ATLANTA, July 7, 2026 – Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) today submitted the first portion of their responses to the Surface Transportation Board’s (STB) May 28, 2026, request for additional information to support their accepted merger application.

Today’s filing addresses the STB’s questions regarding Terminal Railroad Association of St. Louis (TRRA), Kansas City Terminal Railway (KCT) and TTX Company. These entities are jointly owned with other Class I railroads, operated by independent management teams and governed by non-discrimination policies. Union Pacific and Norfolk Southern do not control these companies today and remain firm in their commitment that they will not control them post-merger. The merger application and today’s supplemental filing provide the STB with options to implement this commitment, up to and including divestiture.

In particular, for the TRRA, the filing provides clear evidence that the other Class I railroads who are vocally opposing the merger are using the TRRA as a pawn in their efforts to stop or delay the merger. This includes failing to appear at a properly convened special meeting for the sole purpose of discussing ways to reduce Union Pacific’s ownership in TRRA post-merger. Only Union Pacific and Norfolk Southern board members attended the meeting called by TRRA’s corporate secretary, while members from BNSF, CSX and Canadian National did not show.

Connecting Union Pacific and Norfolk Southern’s end-to-end networks would finally give American shippers single-line transcontinental rail service, creating a stronger alternative to long-haul trucking, making the entire supply chain more competitive, putting downward pressure on truck and rail prices. The opportunities opened by the merger for shifting freight from truck to rail are projected to save shippers an estimated $3.5 billion annually.

Union Pacific and Norfolk Southern have consistently welcomed rigorous regulatory review of the proposed merger, and today’s submission reflects that commitment. The responses to the STB’s other requests for additional information will follow by July 27, 2026.

The STB accepted as complete the Union Pacific-Norfolk Southern merger application, a positive step toward creating America’s first transcontinental railroad on May 28, 2026. The railroads are committed to working constructively with the STB toward a mid-2027 completion. For more information, visit AmericasGreatConnection.com.

About Union Pacific
Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable, and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.

About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting www.NorfolkSouthern.com

Contacts
Union Pacific Media Inquiries: media@up.com

Union Pacific Investor Inquiries:
Diana Prauner
402-544-4227 or dprauner@up.com

Norfolk Southern Media Inquiries: media.relations@nscorp.com
Norfolk Southern Investor Inquiries: Investor Relations

Please review Union Pacific’s cautionary note regarding forward-looking statements.