Union Pacific has signed an agreement to acquire Norfolk Southern in a stock and cash transaction, at an enterprise value of $85bn, which will result in a combined enterprise worth over $250bn.

The Surface Transportation Board said on Wednesday that Union Pacific and Norfolk Southern have formally filed a notice of ...

Following the July announcement that Union Pacific finalized a deal to acquire Norfolk Southern (pending regulatory approval), we are raising our fair value estimate to $285 per share, from $233.

Together, the two would create the first transcontinental freight rail in the United States and the largest freight rail ...

Union Pacific's $320/share bid for Norfolk Southern aims to form the first transcontinental railroad. Read the full analysis ...

Despite setbacks in 2022 and 2023, the firm rekindled margin improvement in 2024 under PSR veteran Jim Vena's leadership. Union-contract wage and benefit inflation will remain a partial margin ...