Getting Closer to a Merger Deal? Commentary

OMAHA and ATLANTA –– 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 review in a more expedited fashion with a merger resource page already up, and a notice that the Board is embarking on taking steps to expedite regulatory processes. We continue to believe a deal is highly likely between Union Pacific and Norfolk Southern.

MTA Adds 12 New Stations in Accessibility Expansion

NEW YORK CITY – The MTA and New York Governor Kathy Hochul announced 12 additional stations will receive accessibility upgrades under the 2025-2029 Capital Plan. As part of the Capital Plan, 60 stations will be made ADA-accessible.

Report: UP/NS Merger Afoot?

OMAHA and ATLANTA ––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