Union Pacific, Norfolk and transcontinental railroad
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Union Pacific Corp. is acquiring Norfolk Southern Corp. in an $85 billion deal, the companies announced Tuesday, in a merger that the companies said will create America’s first transcontinental railroad.
Union Pacific , the largest U.S. railroad operator, could reach an agreement to acquire rival Norfolk Southern as soon as early next week, Bloomberg News reported on Friday, citing people familiar with the matter.
Q2 2025 Management View CEO Vincenzo James Vena highlighted, "Union Pacific reported 2025 second quarter earnings per share of $3.15. We had 2 unusual and offsetting items in the second quarter: a deferred tax benefit;
Railroad Union Pacific reported a strong second quarter. Mergers and acquisitions in the sector have been in headlines as of late.