NS and UP shareholders overwhelmingly approve $85 billion merger

By Bill Stephens | November 14, 2025 

 The railroads announced tallies today of their separate shareholder votes on UP’s proposed acquisition of NS

Union Pacific and Norfolk Southern doctored the road numbers on their locomotives in this image to reflect the founding years of their railroads; 1827 for Norfolk Southern’s oldest predecessor and 1862 for Union Pacific. UP/NS

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ATLANTA — Union Pacific and Norfolk Southern today cleared their first merger hurdle as shareholders overwhelmingly backed their deal to create the first transcontinental railroad.

In separate votes, nearly 99% of NS shareholders and 99.5% of UP shareholders approved UP’s proposed $85 billion acquisition of NS.

“The approval of our shareholders marks a key milestone in our journey to create America’s first coast-to-coast transcontinental railroad, combining complementary networks and capabilities to unlock a multiplier effect for benefits to all stakeholders,” NS CEO Mark George said in a statement.

NS investors will receive one Union Pacific common share and $88.82 in cash for each share of Norfolk Southern owned.

UP investors, meanwhile, were asked to approve the issuing of new shares of UP common stock in connection with the merger.

“We appreciate our shareholders’ support in reaching this important milestone on our
path to building America’s first coast-to-coast railroad,” UP CEO Jim Vena said in a statement.

The railroads plan to file their merger application with the Surface Transportation Board in early December.

CSX Tank Train - An Unexpected Adventure at Milford Junction

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Experience the thrill at Milford Junction as a roaring eastbound CSX unit tank train makes a stunning switch from the north track to the south track, crashing through the NS Goshen Line diamonds. What powers this heart-pounding moment? A fierce pair of GE AC4400CWs! 

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Long Norfolk Southern Train Rumbles Through Milford, IN

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 Feel the adrenaline rush in Milford, Indiana, as a colossal southbound Norfolk Southern freight thunders down the Ex-Conrail Goshen Line and powerfully crosses 1st Street! Leading this powerhouse: GE Tier 4 GEVO 3675, GE AC44C6M 4218, and GE AC44CM 4446 (Mid-Train). Captured on 9/19/21! 

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CSX AC4400CW and SD70MAC Locos Glow In Late Afternoon at Nappanee, IN

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As the late summer heat shimmers, witness a powerful westbound CSX manifest thunder past the Nappanee station, driven by a mighty GE AC4400CW and an EMD SD70MAC. Watch as it gracefully shifts to the north track just a few blocks away! 

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00:00 Introduction 00:38 1st Crossing 00:55 Locomotives 03:36 End Of Train 

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Griffith, Indiana RR Junction w/CN SD75I AND SD70I

 We are back in Griffith, Indiana for the first time in 11 years. This junction was once one of the most complex in the world-FIVE railroads once intersected here! The EL-C&O joint line came in from the southeast and crossed the EJ&E and GTW mains. An NYC branch from Joliet paralleled the "J" and crossed everything as well. The "J" also had a branch to Porter, which headed straight east. The Porter branch was abandoned in 1985, and the EL was taken up in 1981, although a spur track remained to the north, which has since been severed. The C&O remains to the southeast to serve American Chemical. The NYC was closed on Conrail day, and torn up in 1978. Here a westbound CN freight swings off the GTW main and enters the EJ&E via the southeast connector. Power are two rare units-an EMD SD75I and an SD70I. Compare this video to the one I shot in 2000. ▶️    • Canandian National Railroad at Griffith, I...   Note the addition of the electronic bells on the poles, as well as the tower being relocated.

  CN PLAYLIST ▶️   • Canadian National Railroad   

▶️   • VERY LONG CN Freight Train w/mid-train hel...   

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Siemens Type 4 Light Rail Trainsets at Cascades Stop

 

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📹 GoPro Hero 12 with Accessories https://amzn.to/4ewK4yt ========================================================================== At the Cascades stop on Portland's TRIMET MAX Light Rail System, a pair of Type 4 Trainsets meet on a warm afternoon. These sleek trainset were built by Siemens. ============================================================================ 📱➡️📸Turn Your Phone Into A Camera! https://geni.us/PhoneCameraConver

The Ultimate Hi-Rail Adventure: G&W Truck Rolls Into Plymouth

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 In Plymouth, Indiana, watch as a westbound G&W Hi-Rail truck elegantly crosses the diamond with the Elkhart & Western. This truck navigates the historic PRR Fort Wayne Line, now known as the Chicago Fort Wayne & Eastern. Did you know that until 1973, the PRR Vandalia Line from Logansport to South Bend also intersected here, creating a triangle of diamonds? Hi-railers must keep it slow, with a max speed of just 5 MPH on diamond frogs. 

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