Norfolk Southern Acquired by Union Pacific | Logistics M&A Deal

Union Pacific has acquired Norfolk Southern, a logistics other business in Kansas, for $3.5 billion. The Norfolk Southern acquisition supports rail freight capacity and network connectivity that Union Pacific can leverage to move more goods efficiently across the U.S. logistics other network, including traffic and routing improvements tied to Kansas operations. This logistics M&A is a strategic acquisition and merger acquisition, with Union Pacific acquisitions focused on strengthening supply chains and reducing shipper costs. The parties filed amended merger applications with the Surface Transportation Board, using additional traffic data from six Class I railroads, and expect completion in the first half of 2027, subject to STB approval.