1 month ago
27
Stuart Chirls
Tue, July 7, 2026 astatine 10:30 AM CDT 2 min read
Union Pacific and Norfolk Southern contiguous submitted the archetypal information of accusation requested by the Surface Transportation Board erstwhile it conditionally accepted their revised merger exertion May 28.
The STB acceptable a deadline of July 27 for the partners to taxable the further data. UP (NYSE: UNP) and NS (NYSE: NSC) earlier said that the information would travel successful 2 filings. The commencement of the ceremonial valuation and biology reappraisal of the projected $85 cardinal merger was delayed pending the caller submissions. But, the STB spent months gathering information anterior to the railroads' archetypal merger exertion successful December 2025.
The 2nd filing is expected to screen the enhanced contention aspects of the merger stipulated by the STB.
Tuesday's filing addresses the STB's questions regarding power of section railroads Terminal Railroad Association of St. Louis (TRRA) and Kansas City Terminal Railway (KCT), and freight car instrumentality cooperative TTX. TRRA is jointly owned by UP, BNSF (NYSE: BRK-B), CSX (NASDAQ: CSX), CN (NYSE: CNI), and NS, with UP having the largest share. BNSF, UP, NS and Canadian Pacific Kansas City (NYSE: CP) stock ownership of KCT.
Union Pacific and Norfolk Southern reiterated successful their filing that they bash not power TRRA and KCT, which grip interchange postulation betwixt Class I carriers. They offered to divest their stakes successful bid to sphere that neutrality.
"In particular, for the TRRA, the filing provides wide grounds that the different Class I railroads who are vocally opposing the merger are utilizing the TRRA arsenic a pawn successful their efforts to halt oregon hold the merger," UP and NS stated successful the release. They added that nary representatives from the different railroads attended a peculiar gathering of TRRA to sermon post-merger ownership.
The railroads said that they are committed to moving with the STB toward a mid-2027 completion of the merger.
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The station Union Pacific, Norfolk Southern taxable much merger information appeared archetypal connected FreightWaves.
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