Union Pacific confirms it is in merger talks with Norfolk Southern Corporation.
The U-P serves Oklahoma and 22 other states and issued a recent statement confirming it is engaged in advanced discussions regarding a potential business combination. The statement indicated, “There can be no assurances as to whether an agreement for a transaction will be reached or as to the terms of any such transaction.”
Union Pacific and Norfolk Southern stated that they do not intend to make additional comments or provide an update on this matter unless and until they determine that disclosure is required or otherwise appropriate.
Union Pacific recently reported 2025 second quarter net income of $1.9 billion, or $3.15 per diluted share. Results compare to 2024 second quarter net income of $1.7 billion, or $2.74 per diluted share.
Second quarter 2025 results include a deferred tax benefit of $115 million, or $0.19 per diluted share, partially offset by a crew staffing agreement of $55 million, or $0.07 per diluted share. 2025 second quarter adjusted net income* of $1.8 billion, or $3.03 per diluted share*, compares to 2024 second quarter adjusted net income* of $1.7 billion, or $2.71 per diluted share*.
“We are delivering on our strategy and our second quarter results demonstrate our commitment to leading the industry as we set new standards for safety, service, and operational excellence.” said Jim Vena, Union Pacific Chief Executive Officer. “The foundation is built, we are growing with our customers, and we have strong momentum as we continue to maximize the value of our great franchise.”
