Story perspectives

CN Challenges $85 Billion Union Pacific-Norfolk Southern Merger

1/12/2026

28 3

Summary

Story summary

Canadian National Railway Company (CN) filed with the U.S. Surface Transportation Board on January 12, 2026 seeking more detail about Union Pacific and Norfolk Southern’s $85 billion merger.
CN says the move targets incomplete market analyses and missing projections.
The merger would create a U.S. coast-to-coast railroad and faces criticism from labor unions and rival companies.
Regulatory review is expected to take 12 to 18 months, with completion in early 2027.

1 of 1

Story summary

Canadian National Railway Company (CN) filed with the U.S. Surface Transportation Board on January 12, 2026 seeking more detail about Union Pacific and Norfolk Southern’s $85 billion merger.
CN says the move targets incomplete market analyses and missing projections.
The merger would create a U.S. coast-to-coast railroad and faces criticism from labor unions and rival companies.
Regulatory review is expected to take 12 to 18 months, with completion in early 2027.