(Reuters) -Union Pacific CEO Jim Vena said on Wednesday he was confident that the railroad operator would receive a merger approval from the U.S. administration over its deal with Norfolk Southern. In July, Union Pacific announced an $85 billion stock-and-cash acquisition of the smaller rival, which, if approved, would create the country’s first coast-to-coast freight […]
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Union Pacific CEO Vena says Norfolk Southern merger will win approval
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(Reuters) -Union Pacific CEO Jim Vena said on Wednesday he was confident that the railroad operator would receive a merger approval from the U.S. administration over its deal with Norfolk Southern.
In July, Union Pacific announced an $85 billion stock-and-cash acquisition of the smaller rival, which, if approved, would create the country’s first coast-to-coast freight rail operator.
Speaking at a Morgan Stanley Conference, Vena said he has met with senior people in the administration, who called the deal a “win for the country”.
“Do I think we’re going to get it approved? The answer is yes”, Vena added.
The merger faces intense scrutiny from the Surface Transportation Board, which received a notice of intent from the companies on July 30, 2025.
The companies plan to file a formal application by January 29 and are targeting an early-2027 close.
Last month, the White House fired STB member Robert Primus, as part of a broader series of dismissals from independent agencies and commissions under President Donald Trump’s administration.
In a regulatory filing on Wednesday, the railroad, which primarily operates on the West Coast, said it expects $50 million in merger costs and has paused share repurchases while it awaits approval.
(Reporting by Anshuman Tripathy and Apratim Sarkar in Bengaluru)