Growth

Union Pacific Railroad (NYSE: UNP) and CN (NYSE: CNI) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).

Union Pacific Railroad (NYSE: UNP) and CN (NYSE: CNI) today announced the signing of a binding Memorandum of Understanding that will strengthen rail service across North America, improving both railroads' ability to serve customers.

Rocky Mountain Steel Mills announced today that Union Pacific Railroad received the first stick of rail from Rocky Mountain Steel’s new long rail mill at its Pueblo, Colorado facility, marking the official commencement of operations at the new, $1.2 billion facility. Union Pacific leadership, led by Chief Executive Officer Jim Vena, visited the Colorado mill for a tour and meeting with Rocky Mountain Steel Mills employees. In April, Union Pacific and Rocky Mountain Steel reached a new seven-year contract for the domestic production of steel rails, underscoring the railroad’s commitment to buying the majority of its rail from the Colorado-based steelmaker.

Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) today applauded the Surface Transportation Board (STB)’s decision to accept their merger application, calling it an important step toward a reinvigorated, more competitive U.S. railroad industry. The companies acknowledged the STB’s request for additional information on their amended merger application, reiterating their commitment to work constructively with the STB.

Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) today submitted an amended merger application to the Surface Transportation Board (STB) seeking approval to create America’s first transcontinental railroad. Additional analysis reinforces that the combination will drive growth, enable substantial cost savings for shippers and strengthen the U.S. supply chain.

Union Pacific and Norfolk Southern each earned coveted spots on the 2026 Fortune’s World’s Most Admired Companies list as the only railroads in the Trucking, Transportation and Logistics category. The achievement underscores the shared values, operational excellence and forward-looking commitments fueling the proposed Union Pacific-Norfolk Southern combination to create America’s first transcontinental railroad.