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Norfolk Southern and Union Pacific merge plans advance

PUBLIC · NSCSep 28, 2026

Acquiring Company

Norfolk Southern Corporation

Acquired Company

Union Pacific Corporation

AtlantaOmahaManufacturingAgriculture and FarmingTransportationLogisticsAgriculture and FarmingTransportationLogistics

Description

Norfolk Southern Corporation and Union Pacific Corporation are advancing their proposed merger as the Surface Transportation Board has cleared another regulatory step. The companies expect the merger to be completed in the second half of 2027, pending further reviews. This merger aims to enhance their transportation capabilities across North America. The decision underscores the continued regulatory support for the merger application.

Company Information

Company

Norfolk Southern Corporation

Location

Atlanta, Georgia, United States

About

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. 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 more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.

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Frequently asked

Who acquired Union Pacific Corporation?

Union Pacific Corporation was acquired by Norfolk Southern Corporation, based in Atlanta. The deal was reported on September 28, 2026. Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Norfolk Southern Corporation is publicly traded (NSC) and operates in Manufacturing.

When did Norfolk Southern Corporation acquire Union Pacific Corporation?

Norfolk Southern Corporation's acquisition of Union Pacific Corporation was reported on September 28, 2026. Norfolk Southern Corporation and Union Pacific Corporation are advancing their proposed merger as the Surface Transportation Board has cleared another regulatory step. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Union Pacific Corporation do?

Union Pacific Corporation is a major North American railroad company that operates the largest freight rail network in the western two-thirds of the United States. It spans approximately 32,100 route miles and employs around 32,000 people. It is publicly traded (UNP), operating in Agriculture and Farming, and is based in Omaha.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.