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Union Pacific in mega US railroad merger talks with rival Norfolk

OMAHA, NEBRASKA, JUL 24 – Union Pacific's second-quarter profit rose to $1.8 billion with operating revenue up 2%, while merger talks with Norfolk Southern could reshape U.S. freight rail competition.

  • On Thursday, Union Pacific reported a $1.8 billion second-quarter profit in Omaha, Nebraska.
  • Last week, sources told The Associated Press that merger discussions began between Union Pacific and Norfolk Southern, aiming to connect East and West Coasts.
  • Earnings data shows Union Pacific's operating revenue grew 2% to $6.2 billion, with per-share earnings rising to $3.03, beating last year's $2.71, and analysts' expectations.
  • Market reaction was positive, with railroad shares climbing amid a regulatory debate over approval; the outlook remains uncertain.
  • Under the 2001 rules, two years ago the U.S. Surface Transportation Board approved the $31 billion CPKC deal, highlighting the precedent for major rail mergers and their regulatory considerations.
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Union Pacific and Norfolk Southern have confirmed they are in "advanced" merger talks that will create a single U.S. railroad with service extending from the East Coast to the West Coast.

·Calhoun, United States
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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, July 24, 2025.
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