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

Announced
Logistics & TransportationMerger

Deal Overview

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.

Key Details

Transaction
Union Pacific acquires Norfolk Southern
Deal Size
Over $100M
Reported Value
$71.5 billion

Source

Read full article on fortune.com

via Fortune · June 4, 2026

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