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Union Pacific

TD Cowen Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. (TD Cowen Photograph)
Commentary

Vena’s Art of the Deal With NS

Union Pacific’s (UP) much-anticipated bid for Norfolk Southern (NS) was announced July 29. Both now embark on a lengthy review process, but we see the potential approval pathway justified due…
Commentary

UP+NS: An ‘Absolute Monster of a Railroad’

Since a Union Pacific/Norfolk Southern merger is now in process, I wanted to share data giving a sense of the absolute monster of a railroad UP+NS would represent. To do…
Commentary

UP + NS: What Comes Next?

Following weeks of “perhapses,” “maybes,” and a “conceivably” or two—self-serving bait for valuable feedback—railroads Union Pacific (UP) and Norfolk Southern (NS) have officially announced merger plans. BNSF and CSX have…

Union Pacific + Norfolk Southern: It’s Official

The speculation is over: Union Pacific and Norfolk Southern at 7:00 AM EDT announced their agreement to, in a combined cash and stock transaction valued at more than $250 billion,…

EFG Energy Partners LLC Purchases Rail-Served Site From Gulf Inland Logistics Park

Gulf Inland Logistics Park, managed and developed by Liberty Development Partners, on July 28 announced that EFG Energy Partners LLC has purchased a 13.1-acre, rail-served site to serve as a…
Commentary

Getting Closer to a Merger Deal?

Unconfirmed reports over the weekend noted a Class I merger is close. These reports were preceded by actions by the STB that show the agency is preparing to handle a…
Commentary

The Race to Fold; CPKC Improves

Question: Where’s the belief in growth? Our State of the Rails chart (bottom) is starting to look good, and we show a truncated version. We now have half the industry,…
(U.S. District Court for the District of Columbia)

Shippers Appeal Rail Price-Fixing Win

Big Four railroads BNSF, CSX, Norfolk Southern (NS) and Union Pacific have been awarded summary judgment by the United States District Court for the District of Columbia—the court rejecting shipper…
“Our new Salt Lake City intermodal service is up and running!” BNSF reported via social media on July 24. (BNSF Photograph)

Class I Briefs: BNSF, UP

BNSF launches intermodal service between Salt Lake City, Utah, and California, and breaks more records at the Southern California ports. Also, Ed Dickens, Manager of Union Pacific’s (UP) Heritage Operations,…

UP 2Q25: ‘Delivering on Our Strategy’; Confirms ‘Advanced’ NS Merger Talks (Updated With TD Cowen Analysis)

In reporting second-quarter 2025 financial results that showed improvements in revenue, net income, volume and operating ratio, Union Pacific confirmed what has been widely speculated for the past few weeks:…
The Big Boy No. 4014 and Lincoln Locomotive No. 1616 appeared earlier this month in Wyoming and Colorado. (UP Photograph)

UP: Big Boy, Lincoln Locomotive Unite for Tour

Union Pacific’s (UP) Big Boy No. 4014 and Lincoln Locomotive No. 1616 last week rode the rails together for the first time as part of a limited excursion tour in…
(Courtesy of BNSF)

Class I Briefs: BNSF, UP

BNSF provides customers with an operational performance update. Also, Union Pacific (UP) delivers the first unit train to the new Graneleras Bartlett Monterrey Facility in Mexico.

Report: UP/NS Merger Afoot?

Union Pacific (UP) is in early-stage discussions to acquire Norfolk Southern (NS), “according to people familiar with the matter,” The Wall Street Journal reported July 17. “[T]here are no guarantees…
Recently recognized at Union Pacific’s 50-Year Honorees ceremony, Principal Consultant Rita Pfingsten has the distinction of being the railroad’s only Tech employee to achieve 50 years of service. (Caption and Photograph Courtesy of UP)
Commentary

Reflections of a 50-Year Tech Career: A Journey of Change

Change, change and more change. I’ve experienced huge technological and operational advancements during the course of my 50-plus year career in Tech.
“The strength of our transload network lies in partnerships—whether it’s third-party operators or short line railroads,” says Helen Quirke, Vice President, Supply Chain and Business Development at CN. “When we align our capabilities, we open up new markets, simplify logistics, and create real value for customers.” (CN Photograph)

Class I Briefs: CN, UP, CSX

CN eyes a transload network expansion with its Top-Tier Transload Partner Program. Also, Union Pacific (UP) replaces all rail infrastructure—inside a tunnel—in less than 24 hours on the Black Butte…
Port Muskogee South (formerly Frontier Terminal) at 4511 Callery Drive, Muskogee, Oka. (Courtesy of Port Muskogee)

Port Muskogee Expands South With 125-Acre Site

The Muskogee City-County Port Authority (Port Muskogee) in Oklahoma has acquired 125.49 acres, with direct access to the McClellan-Kerr Arkansas River Navigation System (MKARNS), which the Port said will create…
(Source: CPKC and Loop Capital)
Commentary

State of the Rails: Fourth of July Effect, Part 1

Given the Fourth of July effect in the most recent weekly data, we’ll give Canadian Pacific Kansas City (CPKC) a break from our weekly critique as it continues to try…
Commentary

‘Consolidation’ Has Resurfaced

FROM THE EDITOR, RAILWAY AGE JULY 2025 ISSUE: Consolidation: “The action or process of making something stronger or more solid,” or, “The action or process of combining a number of…

Rail Briefs: CSX, BJRY

CSX receives the 2025 Diolkos Award. Also, Burlington Junction Railway (BJRY) celebrates its 40th anniversary.
(Courtesy of TriMet)
Commentary

WES: Commuter Rail Skirting Its Principal City

Most “transit railroads” in the United States (and GO Transit, which serves Canada’s Toronto area) provide a full span of service on most or all their lines, although there are…
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