Union Pacific offers $20 billion cash and one share of its stock to buy Norfolk Southern Tuesday in a merger that could trigger the final wave of railroad mergers across the country.

Union Pacific and Norfolk Southern said on Tuesday that they have agreed to a merger to create a $200 billion rail giant based on their current market capitalizations.

The proposed acquisition faces potential hurdles before becoming a reality.

If approved by regulators, the proposed merger would result in the nation’s largest, transcontinental railroad company.

OMAHA, Neb. & ATLANTA-- (BUSINESS WIRE)--Jul 29, 2025-- ...

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

Union Pacific Corp. agreed to acquire Norfolk Southern Corp. in a cash-and-stock transaction valued at $85 billion, forming a ...

A deal would shift container market leadership from BNSF to UP-NS, raising pressure on the former to seek out its own ...