Union Pacific, Norfolk Southern Say Surface Transportation Board Denied Requests to Dismiss Merger

MT Newswires Live09-22

Union Pacific (UNP) and Norfolk Southern (NSC) said Tuesday that the Surface Transportation Board has denied requests to dismiss the companies' revised merger application.

Additionally, the merger has support from a majority of unions representing Union Pacific and Norfolk Southern employees, with the International Association of Sheet Metal, Air, Rail and Transportation's Railroad Mechanical Department signing a jobs-for-life agreement with the railroads, according to a statement.

The companies said the merger remains subject to Surface Transportation Board's review and approval, with the transaction expected to be completed in H2 of 2027.

Price: 271.32, Change: +1.69, Percent Change: +0.62

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment