Union Pacific, Norfolk Southern Say Surface Transportation Board Denied Requests to Dismiss Merger

11:35 AM EDT, 09/22/2026 (MT Newswires) -- Union Pacific (UNP) and Norfolk Southern (NSC) said Tuesday that the Surface Transportation Board has denied requests to dismiss the companies' revised merger application. Additionally, the merger has support from a majority of unions representing Union Pacific and Norfolk Southern employees, with the International Association of Sheet Metal, Air, Rail and Transportation's Railroad Mechanical Department signing a jobs-for-life agreement with the railroads, according to a statement. The companies said the merger remains subject to Surface Transportation Board's review and approval, with the transaction expected to be completed in H2 of 2027. Price: 271.32, Change: +1.69, Percent Change: +0.62