In an aerial view, a Union Pacific freight train travels in Hutto, Texas, on July 29, 2025. Union Pacific has reached an agreement to purchase Norfolk Southern in a $85 billion deal. Brandon Bell/Getty ImagesA mega-merger is moving forward at full steam. Union Pacific Corporation shareholders approved a $85 billion merger with Norfolk Southern on Nov. 14, with 99.5% of shareholders in favor of the deal.“We appreciate our shareholders’ support in reaching this important milestone on our path to building America’s first coast-to-coast railroad,” Union Pacific CEO Jim Vena said in a statement published on Nov. 14.
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