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Union Pacific argues for its $85B acquisition of Norfolk Southern in new railroad merger application

Union Pacific says the deal would cut interchange delays and save shippers $3.5 billion a year, while opponents warn it would reduce competition.

  • On Thursday, Union Pacific and Norfolk Southern submitted a new $85 billion merger application to the Surface Transportation Board, proposing the country's first transcontinental railroad.
  • The Surface Transportation Board declined the initial application, requesting additional information about how the merger would affect competitive balance in the rail industry.
  • Supporters argue the deal would create a seamless network from the East Coast to the West Coast, modernizing freight transportation while reducing shipping costs and transportation times.
  • SMART-TD President Jeremy Ferguson backs the deal for job protection, while BNSF Railway Katie Farmer warned it 'will eliminate competition, raise costs for consumers, and destabilize the supply chain.'
  • The STB must determine whether the deal serves the public interest, while President Donald Trump has endorsed the merger, stating it 'sounds good to me.
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Union Pacific, Norfolk Southern submit new merger application

(The Center Square) – Union Pacific and Norfolk Southern on Thursday submitted a new merger application to the U.S. Surface Transportation Board that would create the country's first transcontinental railroad.

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  • 45% of the sources are Center
45% Center

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blet.org broke the news on Wednesday, April 29, 2026.
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