Union Pacific to acquire Norfolk Southern in $85 billion deal
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Union Pacific and Norfolk Southern to Create America’s First Transcontinental Railroad
July 29, 2025 7:00 AM EDTTransaction to transform the U.S. supply chain and economy; strengthen domestic manufacturing; and preserve union jobs Two legendary railroads enter agreement to combine in stock and cash merger, creating a combined enterprise of over $250 billion Transaction values Norfolk Southern at an enterprise value of $85 billion and is expected to unlock approximately $2.75 billion in annualized synergies and deliver substantial long-term value for Union Pacific and Norfolk Southern shareholders Positions railroads to continue accelerating technological advancements promoting greater freight competition Companies to host conference call and... More
