Norfolk Southern Corp（NSC）资讯与事件NSCNorfolk Southern Corp

Union Pacific and Norfolk Southern Merger Application Approved

Union Pacific Corporation (UNP) and Norfolk Southern Corporation (NSC) acknowledged two milestones in the creation of America's first transcontinental railroad. The Surface Transportation Board has unanimously denied merger opponents' requests to dismiss the companies' revised merger application. With the rejection of these requests, the board can continue its review of the most comprehensive merger analysis ever submitted in support of a major rail transaction. The facts as evidenced in the application are clear: a seamless, coast-to-coast railroad will provide customers more efficient and affordable freight transportation options and remove more than 2 million truckloads from taxpayer-funded highways. Additionally, the International Association of Sheet Metal, Air, Rail and Transportation's Railroad Mechanical Department has entered a jobs-for-life agreement with the railroads, reflecting a shared commitment to protecting represented jobs and preserving work opportunities. With SMART-MD's support, the merger has support from a majority of unions representing Union Pacific and Norfolk Southern employees. Qs outlined in the application: Every employee with a union job when the merger is approved will continue to have one for life. Customers will gain access to a faster, less expensive cross-country railroad that eliminates time-consuming interchanges. All existing gateways will remain open. In addition to creating seven new premium intermodal lanes, the merger will convert 10,000 existing interline lanes to single-line service. Intermodal will be able to compete and win, removing trucks from congested streets and highways. Merchandise and bulk traffic will move faster with fewer handoffs and be less expensive for the entire movement, reducing inventory and asset costs. Competitors will have to up their game and compete at a higher level. The combined company will offer Committed Gateway Pricing, which will allow more customers to share in the merger's benefits. The transaction remains subject to STB review and approval and will continue to be subject to STB oversight following closing. The two companies expect the transaction to be completed in the second half of 2027.

Union Pacific and Norfolk Southern Enhance Merger Application

Union Pacific (UNP) and Norfolk Southern (NSC) enhanced their merger application by offering customer protections that go beyond those provided in any prior rail merger. The new commitments are provided with the supplemental information requested by the Surface Transportation Board, or STB, when it accepted the companies' merger application as complete on May 28. The filing includes four new or expanded commitments: The combined railroad will significantly expand Committed Gateway Pricing, or CGP, doubling the number of eligible shipments, and extending benefits to bulk unit train shippers. The expanded program is the functional equivalent of thousands of haulage agreements in a single enforceable commitment, creating even more opportunities for customers to benefit from the merger. The railroads will preserve Class I rail options for 3-to-2 shippers as well as 2-to-1 shippers, where they can legally grant access to another railroad. No prior rail merger has included a similarly broad commitment to preserve 3-to-2 access. In the unlikely event that service performance declines during merger integration, customers will be able to obtain temporary access to alternative rail service. This commitment provides an additional safeguard to help keep freight moving if unexpected service issues arise. If the merger's public benefits are not being delivered in a timely manner, customers will gain access to a new rate relief process. Combined with the new integration period service protection, this new process provides added accountability to customers. As the Board continues its review of the merger application, Union Pacific and Norfolk Southern expect the transaction to be completed in mid-2027.