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Norfolk Southern

(Union Pacific Photograph)
Commentary

TD Cowen: 20th Anniversary Quarterly Rail Survey Says …

Pricing continues to decelerate in the third quarter, running well below the survey’s average. Business growth expectations worsen, akin to COVID lows. Economic confidence skews negative. Shippers would move LSD…
Commentary

TD Cowen Insight: Merger to Dominate Rail Earnings Despite Diverging Q3 Operations

We lower Q3 EPS estimates below current consensus for both Eastern carriers, while modestly raising estimates for UNP, driven by outperformance in IM and coal. Broader freight demand remains challenged…
Commentary

The ‘End Game’ UP-NS Merger

On July 30, 2025, at the Surface Transportation Board, Union Pacific and Norfolk Southern filed a notice of intent to file an Application for authority to merge. The earliest the…
Jim Vena (UP Photograph)
Commentary

STB Drama Follows UP-POTUS Chat

WATCHING WASHINGTON, RAILWAY AGE, OCTOBER 2025 ISSUE: The proposed marriage of Union Pacific (UP) and Norfolk Southern (NS) to form the first U.S. seamless Atlantic to Pacific transcontinental railroad is a…

Class I Briefs: UP, BNSF

Union Pacific (UP) racks up strong performance numbers for its grain customers. Also, BNSF encourages stakeholders to share their views with the Surface Transportation Board (STB) regarding the proposed merger…
(Logo Courtesy of STB)

STB: Feedback Welcome on Review Schedule for Proposed UP+NS Merger

The Surface Transportation Board (STB) is inviting public comment on its schedule for reviewing the proposed merger of Union Pacific (UP) and Norfolk Southern (NS), which would create the first…
BNSF’s first new-crop soybean train of the harvest season departed recently from Argyle, Minn., transporting soybeans for customer Markit Country Grain. Leading the journey were locomotive engineer Todd Pesch and conductor Jesse Adams, with support from BNSF team members, including Division Trainmaster Josh Tyree and Terminal Manager Jarod Senger. (Courtesy of BNSF)

Class I Briefs: BNSF, NS

BNSF provides an update on operational performance and capital expansion projects in Texas, Arizona, and California. Also, Norfolk Southern (NS) reflects on Hurricane Helene recovery efforts—one year later.
(Screenshot from NS Video)
Commentary

Watch: NS Generations on the Rails

At Norfolk Southern (NS), railroading runs deep. It often spans generations of the same family. Across our network, you’ll find parents, children, grandchildren, and more who have all proudly called…

NS Introduces Triple Crown Services, Inc.

Norfolk Southern (NS) recently announced that it has created Triple Crown Services, Inc. (TCSI), a single-source solution for motor carrier and brokerage services that “puts customers first.”
(Photograph Courtesy of UP)

SMART-TD Supports Proposed UP-NS Merger

Union Pacific and the International Association of Sheet Metal, Air, Rail and Transportation Workers–Transportation Division on Sept. 22 announced an agreement they said “guarantees that SMART-TD members working in train…

Class I Briefs: UP, CSX, NS

Union Pacific’s (UP) Big Boy 4014 will make two whistle-stops in Colorado this fall. Also, CSX President and CEO Joe Hinrichs is recognized with the Champion of Change Award from…
Commentary

Watershed Moment: Unpacking the Transcon Rail Opportunity

We believe a unified Union Pacific and Norfolk Southern sees potential upside to disclosed revenue synergies as we quantify the watershed opportunity. Our analysis of more than 4,000 watershed O-D…

NS, UP Leveraging Louisville

As Union Pacific CEO Jim Vena makes the rounds in Washington, including a visit to the Oval Office, to lobby for support of UP’s acquisition of Norfolk Southern, the intended…

USDOJ Stops Hitting NS with Crescent Wrench

More than one year after the U.S. Justice Department filed a civil complaint in U.S. District Court in the District of Columbia alleging that Norfolk Southern “delays passenger trains on…

For NS, Four ‘Strategic Moves’

Norfolk Southern’s Intermodal and Automotive business units recently announced upgrades to four terminals in Michigan, Ohio and Pennsylvania that support “capacity, efficiency, and customer demand.” These projects are “strategic moves”…

Mechanical Marvel

RAILWAY AGE SEPTEMBER 2025 ISSUE: Repairing and rebuilding locomotives in Altoona, Pa., has been a blue-collar activity for a very long time, and Norfolk Southern’s Juniata Locomotive Shop—a 21st century…

Class I Briefs: CN, Port of Montreal, NS

CN expands firefighting fleet with new assets and upgrades to existing trains. Also, the Montreal Port Authority (MPA) and DP World in Canada sign a joint development agreement for the…
“We are excited to announce our new intermodal facility in Oklahoma City!” BNSF reported via social media. “The 42-acre site, set to open in mid-November, will provide more stream-lined, cost-efficient options for @HobbyLobby.” (Photograph Courtesy of BNSF)

Class I Briefs: BNSF, CSX, NS

BNSF this November will launch an Oklahoma City-based intermodal facility. Also, CSX announces its 2025 Customer Environmental Excellence Award honorees and designates a new Select Site in New York; and…

Class I Briefs: BNSF, CN, NS

BNSF provides customers with an intermodal network update. Also, CN partners with Autism Canada; and Norfolk Southern (NS) contributes $50,000 to Rebuilding Together New Orleans.
Commentary

One Merger at a Time, Please

FROM THE EDITOR, RAILWAY AGE SEPTEMBER 2025 ISSUE: As I write this, it’s the late afternoon of Friday, Aug. 29, the end of one of the strangest weeks I’ve ever…
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