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Union Pacific exploring deal to buy Norfolk Southern, WSJ reports

UNITED STATES, JUL 17 – Union Pacific aims to create the first transcontinental rail network by merging with Norfolk Southern, potentially reshaping U.S. freight transport under favorable regulatory conditions.

  • Union Pacific Corp. is in early-stage talks to acquire Norfolk Southern Corp., creating the largest North American railroad as of July 17, 2025.
  • These discussions began in the first quarter amid rising speculation about large rail mergers driven by expectations of easier regulatory approval under the current administration.
  • The merger could create a comprehensive transcontinental rail network, potentially minimizing shipping delays and improving the efficiency of freight transportation across the United States.
  • Shares of Norfolk Southern rose 4% on July 17 following the report, with market values of about $60 billion for Norfolk Southern and $140 billion for Union Pacific.
  • No deal or regulatory approval is guaranteed, and experts warn the merger could face lengthy challenges, despite benefits of a transcontinental rail system.
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Union Pacific, Norfolk Southern discuss merger to create transcontinental railroad, AP source says

Union Pacific and Norfolk Southern are in merger talks to create the largest railroad in North America that would connect the East and West Coasts.

·United States
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trains.com broke the news in on Thursday, July 17, 2025.
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