The merger would create the United States’ first coast-to-coast rail network, spanning 50,000 miles and 43 states.

Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85 billion deal to create the first U.S. coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country.

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.