Union Pacific

UP’s Rocker: ‘Here’s the Truth.’ BNSF, CPKC: ‘Baseless Falsehoods’

NEW YORK –– Union Pacific Executive Vice President Marketing and Sales Kenny Rocker recently sent a letter to customers, “Let’s Talk Facts: It Doesn’t Surprise Me the Opposition is Nervous,” accusing certain opponents of the railroad’s proposed acquisition of Norfolk Southern—namely, BNSF and CPKC—of threatening retaliation against “customers whose networks span multiple Class I railroads.” BNSF and CPKC said Rocker’s claims are “baseless” and “categorically untrue.”

Time To Have a Little Crow

ATLANTA –– Kudos to Norfolk Southern and Union Pacific for a Horseshoe Curve performance that will be remembered for decades.

Merger Voices

ATLANTA –– A Fresh Perspective ~ Railway Track and Structures “From the Dome,” July 2026

TD Cowen: Takeaways From the Next-Gen Freight Rail Conference

CHICAGO ––RAILWAY AGE NEXT-GEN FREIGHT RAIL CONFERENCE, MARCH 10, 2026: Union Pacific sees end-to-end scale and past merger lessons supporting its consolidation case with Norfolk Southern, but peers flag competition loss and gateway risk. Union Pacific noted that it is talking to several Class I carriers behind the scenes, potentially paving the way for some concessions. The Surface Transportation Board is streamlining environmental permitting and is committed to overhauling switching rules.

Former Rail Executive: UP-NS Deal Likely to Get Done & Other Views –– Commentary From TD Cowen Via Railway Age

NEW YORK –– We hosted a former Class I CEO to review the recent Union Pacific-Norfolk Southern merger application. He sees a very strong filing with acceptance likely though not until 2027. The CGP (Committed Gateway Pricing) solution enhances competition and should pass STB’s test. The network plan supports disclosed truck conversion opportunities in transcontinental and watershed lanes. Competitors are likely compelled to adapt and could eventually propose their own combinations.