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Union Pacific and CN agree to expand rail access amid merger with Norfolk Southern.

Company Fundamentals
22 Jul 2026
GlobeNewsWire
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Bullish
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Union Pacific and Canadian National Railway (CN) have signed a binding Memorandum of Understanding to expand CN's access to shipper facilities and rail terminals as part of Union Pacific's proposed merger with Norfolk Southern. The agreement allows CN to acquire Norfolk Southern's stakes in key terminal railroads and gain new operational rights in the Midwest, including Kansas City, enhancing competition and customer options. This settlement is contingent on regulatory approval and aims to preserve competitive rail service while supporting the merger process. Both companies will collaborate through the Surface Transportation Board to implement the agreement.

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