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Union Pacific to merge with Norfolk Southern in $85B deal

PUBLIC · UNPAug 15, 2026about 11 hours ago

Acquiring Company

Union Pacific

Acquired Company

Norfolk Southern

OmahaAgriculture and FarmingTransportationLogistics

Description

Union Pacific and Norfolk Southern have proposed an $85 billion merger that would create the first single-line freight railroad connecting the East and West coasts. Regulatory reviews are underway to assess the implications of the merger, including concerns raised by rival railroads. Proponents argue that the merger will enhance competition and efficiency within the freight rail market.

Company Information

Company

Union Pacific

Location

Omaha, Nebraska, United States

About

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. www.up.comwww.facebook.com/unionpacificwww.twitter.com/unionpacific This news release and related materials contain statements about the Company's future that are not statements of historical fact, including specifically the statements regarding the Company's expectations with respect to economic conditions and demand levels, its ability to improve network performance (including those in response to increased traffic), its results of operations, and potential impacts of the COVID-19 pandemic and the Russian-Ukraine conflict. These statements are, or will be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements also generally include, without limitation, information, or statements regarding: projections, predictions, expectations, estimates, or forecasts as to the Company's and its subsidiaries' business, financial, and operational results, and future economic performance; and management's beliefs, expectations, goals, and objectives and other similar expressions concerning matters that are not historical facts. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will be achieved. Forward-looking information, including expectations regarding operational and financial improvements and the Company's future performance or results are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statement. Important factors, including risk factors, could affect the Company's and its subsidiaries' future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements. Information regarding risk factors and other cautionary information are available in the Company's Annual Report on Form 10-K for 2022, which was filed with the SEC on February 10, 2023. The Company updates information regarding risk factors if circumstances require such updates in its periodic reports on Form 10-Q and its subsequent Annual Reports on Form 10-K (or such other reports that may be filed with the SEC). Forward-looking statements speak only as of, and are based only upon information available on, the date the statements were made. The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References to our website are provided for convenience and, therefore, information on or available through the website is not, and should not be deemed to be, incorporated by reference herein. SOURCE Union Pacific Corporation

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Norfolk Southern?

Norfolk Southern was acquired by Union Pacific, based in Omaha. The deal was reported on August 15, 2026. Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Union Pacific is publicly traded (UNP) and operates in Agriculture and Farming.

When did Union Pacific acquire Norfolk Southern?

Union Pacific's acquisition of Norfolk Southern was reported on August 15, 2026. Union Pacific and Norfolk Southern have proposed an $85 billion merger that would create the first single-line freight railroad connecting the East and West coasts. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Norfolk Southern do?

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 customer-centric and operations-driven freight transportation network. It is publicly traded (NSC).

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