Story perspectives

Union Pacific Refiles Norfolk Southern Deal, Beats Profit Forecast

4/24/2026

Summary

Story summary

Union Pacific will resubmit its application to acquire Norfolk Southern after the Surface Transportation Board rejected the request.
The railroad posted a first-quarter profit that rose 5 percent, beating analysts’ expectations.
Revenue grew 3 percent to $6.22 billion while shipments slipped about 1 percent, reflecting higher rates and fuel surcharge fees.
The largest rail union and several smaller ones backed the merger after Union Pacific promised lifetime employment, while two other unions opposed it.

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Story summary

Union Pacific will resubmit its application to acquire Norfolk Southern after the Surface Transportation Board rejected the request.
The railroad posted a first-quarter profit that rose 5 percent, beating analysts’ expectations.
Revenue grew 3 percent to $6.22 billion while shipments slipped about 1 percent, reflecting higher rates and fuel surcharge fees.
The largest rail union and several smaller ones backed the merger after Union Pacific promised lifetime employment, while two other unions opposed it.