{"id":31978,"date":"2026-07-07T19:00:00","date_gmt":"2026-07-07T17:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=0e1a93c366b412a13b560a3a5c4d49bf"},"modified":"2026-07-07T19:00:00","modified_gmt":"2026-07-07T17:00:00","slug":"union-pacific-and-norfolk-southern-respond-to-stbs-request-for-supplemental-information-submitting-first-round-of-their-responses","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=31978","title":{"rendered":"Union Pacific and Norfolk Southern Respond to STB\u2019s Request for Supplemental Information, Submitting First Round of Their Responses"},"content":{"rendered":"

OMAHA, Neb. & ATLANTA--(BUSINESS WIRE)--Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) today submitted the first portion of their responses to the Surface Transportation Board\u2019s (STB) May 28, 2026, request for additional information to support their accepted merger application.<\/p><\/a><\/a><\/a><\/a>

\nToday\u2019s filing addresses the STB\u2019s questions regarding Terminal Railroad Association of St. Louis (TRRA), Kansas City Terminal Railway (KCT) and TTX Company. These entities are jointly owned with other Class I railroads, operated by independent management teams and governed by non-discrimination policies. Union Pacific and Norfolk Southern do not control these companies today and remain firm in their commitment that they will not control them post-merger. The merger application and today\u2019s supplemental filing provide the STB with options to implement this commitment, up to and including divestiture.<\/p>

\nIn particular, for the TRRA, the filing provides clear evidence that the other Class I railroads who are vocally opposing the merger are using the TRRA as a pawn in their efforts to stop or delay the merger. This includes failing to appear at a properly convened special meeting for the sole purpose of discussing ways to reduce Union Pacific\u2019s ownership in TRRA post-merger. Only Union Pacific and Norfolk Southern board members attended the meeting called by TRRA\u2019s corporate secretary, while members from BNSF, CSX and Canadian National did not show.<\/p>

\nConnecting Union Pacific and Norfolk Southern\u2019s end-to-end networks will finally give American shippers single-line transcontinental rail service, creating a stronger alternative to long-haul trucking, making the entire supply chain more competitive, and putting downward pressure on truck and rail prices. The opportunities opened by the merger for shifting freight from truck to rail are projected to save shippers an estimated $3.5 billion annually.<\/p>

\nUnion Pacific and Norfolk Southern have consistently welcomed rigorous regulatory review of the proposed merger, and today\u2019s submission reflects that commitment. The responses to the STB\u2019s other requests for additional information will follow by July 27, 2026.<\/p>

\nThe STB accepted as complete the Union Pacific-Norfolk Southern merger application on May 28, a positive step toward creating America\u2019s first transcontinental railroad. The railroads are committed to working constructively with the STB toward a mid-2027 completion. For more information, visit AmericasGreatConnection.com<\/b><\/a>.<\/p>

\nAbout Union Pacific<\/b><\/p>

\nUnion Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable, and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com<\/a>.<\/p>

\nAbout Norfolk Southern<\/b><\/p>

\nSince 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting www.NorfolkSouthern.com<\/a><\/p>

\nCautionary Note Regarding Forward-Looking Statements<\/b><\/p>

\nCertain statements in this communication are \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause Union Pacific\u2019s, Norfolk Southern\u2019s or the combined company\u2019s actual results, levels of activity, performance, or achievements or those of the railroad industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements may be identified by the use of words like \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cproject,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cpro forma,\u201d or any variations or other comparable terminology.<\/p>

\nWhile Union Pacific and Norfolk Southern have based these forward-looking statements on those expectations, assumptions, estimates, beliefs and projections they view as reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond Union Pacific\u2019s, Norfolk Southern\u2019s or the combined company\u2019s control, including but not limited to, in addition to factors disclosed in Union Pacific\u2019s and Norfolk Southern\u2019s respective filings with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d): the occurrence of any event, change or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between Union Pacific and Norfolk Southern providing for the acquisition of Norfolk Southern by Union Pacific (the \u201cTransaction\u201d); the risk that potential legal proceedings may be instituted against Union Pacific or Norfolk Southern and result in significant costs of defense, indemnification or liability; the possibility that the Transaction does not close when expected or at all because required Surface Transportation Board or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the risk that the combined company will not realize expected benefits, cost savings, accretion, synergies and\/or growth from the Transaction, or that such benefits may take longer to realize or be more costly to achieve than expected, including as a result of changes in, or problems arising from, general economic and market conditions, tariffs, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Union Pacific and Norfolk Southern operate; disruption to the parties\u2019 businesses as a result of the announcement and pendency of the Transaction; the costs associated with the anticipated length of time of the pendency of the Transaction, including the restrictions contained in the definitive merger agreement on the ability of Union Pacific and Norfolk Southern, respectively, to operate their respective businesses outside the ordinary course during the pendency of the Transaction; the diversion of Union Pacific\u2019s and Norfolk Southern\u2019s management\u2019s attention and time from ongoing business operations and opportunities on merger-related matters; the risk that the integration of each party\u2019s operations will be materially delayed or will be more costly or difficult than expected or that the parties are otherwise unable to successfully integrate each party\u2019s businesses into the other\u2019s businesses; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of Union Pacific\u2019s or Norfolk Southern\u2019s customers, suppliers, employees, labor unions or other business partners, including those resulting from the announcement or completion of the Transaction; the dilution caused by Union Pacific\u2019s issuance of additional shares of its common stock in connection with the consummation of the Transaction; the risk of a downgrade of the credit rating of Union Pacific\u2019s indebtedness, which could give rise to an obligation to redeem existing indebtedness; a material adverse change in the financial condition of Union Pacific, Norfolk Southern or the combined company; changes in domestic or international economic, political or business conditions, including those impacting the transportation industry (including customers, employees and supply chains); Union Pacific\u2019s, Norfolk Southern\u2019s and the combined company\u2019s ability to successfully implement its respective operational, productivity, and strategic initiatives; a significant adverse event on Union Pacific\u2019s or Norfolk Southern\u2019s network, including, but not limited to, a mainline accident, discharge of hazardous materials, or climate-related or other network outage; the outcome of claims, litigation, governmental proceedings and investigations involving Union Pacific or Norfolk Southern, including, in the case of Norfolk Southern, those with respect to the Eastern Ohio incident; the nature and extent of Norfolk Southern\u2019s environmental remediation obligations with respect to the Eastern Ohio incident; new or additional governmental regulation and\/or operational changes resulting from or related to the Eastern Ohio incident; and a cybersecurity incident or other disruption to our technology infrastructure.<\/p>

\nThis list of important factors is not intended to be exhaustive. These and other important factors, including those discussed under \u201cRisk Factors\u201d in Norfolk Southern\u2019s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 9, 2026 (available at https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0000702165\/000162828026006268\/nsc-20251231.htm<\/a>) and Norfolk Southern\u2019s subsequent filings with the SEC, Union Pacific\u2019s most recent Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 6, 2026 (available at https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/100885\/000010088526000037\/unp-20251231.htm<\/a>) and Union Pacific\u2019s subsequent filings with the SEC, may cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. References to Union Pacific\u2019s and Norfolk Southern\u2019s website are provided for convenience and, therefore, information on or available through the website is not, and should not be deemed to be, incorporated by reference herein. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, Union Pacific and Norfolk Southern disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable law or regulation.<\/p> Contacts<\/b>

\nUnion Pacific Media Inquiries:<\/b>media@up.com<\/a><\/p>

\nUnion Pacific Investor Inquiries:<\/b>Diana Prauner\n402-544-4227 or dprauner@up.com<\/a><\/p>

\nNorfolk Southern Media Inquiries:<\/b>media.relations@nscorp.com<\/a><\/p>

\nNorfolk Southern Investor Inquiries:<\/b>Investor Relations<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OMAHA, Neb. & ATLANTA–(BUSINESS WIRE)–Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) today submitted the first portion of their responses to the Surface Transportation Board\u2019s (STB) May 28, 2026, request for additi…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31978","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/31978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31978"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/31978\/revisions"}],"predecessor-version":[{"id":31979,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/31978\/revisions\/31979"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}