Shareholders of Norfolk Southern have voted to approve the company's proposed merger with Union Pacific.
Under the agreed terms, each Norfolk Southern share will be exchanged for one Union Pacific common share plus USD 88.82 in cash. Based on current exchange rates, the cash component equals approximately EUR 82.50. The companies aim to finalise the merger by early 2027, pending regulatory clearance from the U.S. Surface Transportation Board (STB) and satisfaction of other standard closing conditions.
The transaction would create a single transcontinental rail network across the United States, linking operations from the Atlantic to the Pacific. The combined infrastructure is expected to enable faster transit times and increased freight competitiveness, particularly in intermodal and long-haul sectors.
