Union Pacific Corp. is reportedly close to a deal to acquire Norfolk Southern Corp., potentially creating a massive transcontinental rail network. The proposed acquisition, which could be finalized as early as next week, would be the largest ever in the rail industry. Details of the agreement are still confidential, but it’s believed to involve both cash and stock payments, according to sources familiar with the matter. If successful, the deal would mark a significant consolidation in the US rail sector.
Source: https://www.bloomberg.com/news/articles/2025-07-26/union-pacific-is-said-to-near-deal-for-norfolk-southern