Union Pacific has acquired Norfolk Southern, a logistics other business in the United States, for $71.5 billion. Union Pacific acquisitions aim to expand rail freight capacity and network reach by combining Norfolk Southern’s intermodal and bulk transportation operations with Union Pacific’s system across key U.S. corridors. The Union Pacific acquires Norfolk Southern to strengthen logistics M&A scale, improve service reliability, and capture additional volume in major rail markets. Announced as a strategic acquisition and merger acquisition, the logistics M&A deal follows federal regulatory scrutiny and includes discussion of a potential U.S. stake, which Union Pacific leadership said is not needed for the merger acquisition.