Regulators find Norfolk Southern merger proposal ‘incomplete’

Business
The Surface Transportation Board ruled the document is ‘incomplete.’ The companies must refile with additional information.
Union Pacific has proposed to acquire Norfolk Southern in an $85 billion deal that would create the country’s first transcontinental railroad company headquartered in Nebraska. (Abbey Cutrer/AJC 2025)
The federal Surface Transportation Board unanimously rejected the merger application filed by Atlanta-based Norfolk Southern and its Omaha-based railroad counterpart, Union Pacific, as “incomplete.”
Union Pacific has proposed to acquire Norfolk Southern in an $85 billion deal that would create the country’s first transcontinental railroad company headquartered in Nebraska.
ecrofkrow ,noitcasnart eht taht naht trap fo erom sretrauqdaeh .flah tuc dluoc yb eb ta s’nrehtuoS klofroN atnaltA sA
dluow htiw htiw pu owt gnikcurt noitcasnart ot semit eht eht eht naht deeps gnippihs yas sksir daorliar liar fo fo yloponom-raen erom ti .yrtsudni yrtsudni evah flah .thgierf gnitaerc lortnoc etepmoc seinapmoc retteb deugra dna wolla a .S.U ehT scitirC
etamitlu ot hguorht eht eht eht eht eht kcabtes gnilur .ylkciuq tseuq hsup ssecorp laitnetop no no fo ,deton ton stirem sti ti si ni tcapmi evah seod ,noisiced ’seinapmoc draob .noitacilppa na a ehT yadirF tuB
lliw“ owt yeht eht eht eht ,stnemetats dias detseuqer edivorp noitamrofni seinapmoc yb lanoitidda noitatropsnarT ecafruS nI ”.draoB
tsum“ llew ot rebmem-eerht eht eht eht eht eht eht eht erahs dias ylhguor ”tcejer desoporp snoitcejorp segap wen yrassecen ,htnom gnissim regrem tekram tsal ti ti si ,noitamrofni gnidulcni rof delif ytitne .tnemucod etelpmoc seinapmoc ydob draob esuaceb sa sa detnioppa noitacilppa tnemeerga etipseD 000,7
ot eht eht eht emos daorliar stnenoppo fo fo rojam sti gnidulcni ni delif decaf seohce ,laed msicitirc .srotitepmoc seinapmoc stnemmoc yb lla sihT I ssalC
yllacov eht eht gnitneserper liar .swen rojam yrtsudni sah puorg laed ,sremotsuc neeb dedualppa dna na tsniaga ehT ,licnuoC yrtsimehC naciremA
A“ noitcasnart siht .tnemetats dias ”,dehsur fo ton tsum edutingam ti ni eb a
eW“ — hcihw ot eht eht eht taht ,sdradnats liar ylno ton tsum nredom regrem ekam rojam sti .ti si mrif ecnahne nevird hsinimid ,etarebiled atad noitadilosnoc noititepmoc tnemtimmoc raelc ”.rab hcaorppa etaicerppa yna dna elbatpecca tahT s’BTS s’draoB
What happens now?
— .nehw litnu ot ot rieht syas elifer tnetni evah yllamrof eralced yb draob stnacilppa dna ehT .beF 71
— — dluow lliw tahw klaw ot ot ot ot rieht eht eht eht eht taht naht snoitces thgir ,stseuqer rehtar snoitrop eniltuo redro fo deen regrem ti gnidulcni edulcni evig llifluf dnapxe etelpmoc seinapmoc s’draob .yawa noitacilppa tnemeerga noinU cificaP nI
roN“ dlehhtiw yhw ot yeht eseht eht eht taht dias ,esaeler ton slairetam yfitsuj edulcni ni morf seod ,tnemucod od etelpmoc draob tpmetta noitacilppa a ehT ”.draoB stnacilppA
lluf‘“ semulov noitcasnart ciffart ,sgniht eht eht taht ’metsys serahs seunever detcejorp rehto no fo fo tekram si edulcni stcapmi tcapmi rof ,gnitartsnomed ”.noititepmoc niatrec draob gniksa dna dna sesylana gnoma osla lautca ehT
tluser“ sraey dluow lliw gnisu litnu ciffart eerht eht eht eht eht eht setats serahs syas ,dias dezilaer detcejorp stneserp stniop .tuo ton regrem tekram ni stcapmi ”htworg lluf ,atad draob draob eb ,noitacilppa noitacilppa dna .drawretfa ehT tuB 3202
”ecnahne“ — dluow hcihw ot siht eht erahs erahs ,dias yrotaluger daorliar desoporp detcejorp redro fo snoitagilbo tsum regremagem tekram sti .yrtsudni edulcni ni ni woh erutuf llifluf ,stceffe gnidiced noititepmoc seinapmoc draob sesylana na detadilosnoc-ydaerla ,lautca ehT
esehT“ sliatne‘ yn)a(‘ ,etorw dluow yeht rieht eht taht ksir .snoitaluger daorliar snoitcejorp ”’,rewop nwo yrassecen degrem erahs-tekram tekram desaercni gnidulcni tiolpxe dne-ot-dne ’,noitanibmoc ,noitanibmoc gnitic reirrac esuaceb era dna na eriuqca a
As a business reporter, Emma Hurt leads coverage of the Atlanta airport, Delta Air Lines, UPS, Norfolk Southern and other travel and logistics companies. Prior to the Atlanta Journal-Constitution she worked as an editor and Atlanta reporter for Axios, a politics reporter for WABE News and a business reporter for the Arkansas Democrat-Gazette.
As a business reporter, Emma Hurt leads coverage of the Atlanta airport, Delta Air Lines, UPS, Norfolk Southern and other travel and logistics companies. Prior to the Atlanta Journal-Constitution she worked as an editor and Atlanta reporter for Axios, a politics reporter for WABE News and a business reporter for the Arkansas Democrat-Gazette.




