By David Shepardson WASHINGTON, July 7 (Reuters) - Union Pacific and Norfolk Southern told a U.S. government agency Tuesday they are willing to divest ownership stakes in some smaller railroads as part of their proposed $85 billion merger.

Union Pacific (UNP) and Norfolk Southern (NSC) filed the first part of their responses to the Surface Transportation Board (STB)’s request for additional information in its review of the planned combination.

Union Pacific Corporation (NYSE:UNP) is one of the Best Railroad Stocks to Invest In According to Billionaires. As of Q1 2026, 24 billionaires held the stock.

Union Pacific's CEO Jim Vena said he's not had any direct conversations with Trump about the government acquiring a 15% stake in the pending UP-Norfolk Southern merger.

CSX operates approximately 20,000 miles of rail and provides rail and intermodal transport services throughout the eastern and southeastern United States and the Canadian provinces of Ontario and Quebec. CSX appointed Steve Angel as CEO in September 2025.

Union Pacific is the largest US railroad, commanding a 39% market share and demonstrating operational excellence. UNP delivered strong 1Q26 results: revenue up 3% YoY to $6.2B, net income up 5%, and significant efficiency gains across key metrics.

Union Pacific Corporation (NYSE:UNP) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 3, Union Pacific Railroad, a Union Pacific Corporation (NYSE:UNP) subsidiary, unveiled its newest commemorative locomotive,

Contract Represents a Significant Commitment to Domestic Steel Production, the United Steelworkers and the Historic Steel Town of Pueblo, Colorado “I’ve been in the steel industry for 37 years, and Union Pacific’s unique understanding of our market ...

Union Pacific's proposed merger with Norfolk Southern could create significant value, but regulatory hurdles remain. See why UNP stock is downgraded to hold.

Union Pacific Railroad will pay a $155,234 penalty for sending toxic waste in Oakland to a landfill that wasn't authorized to accept it, among other violations, under a settlement announced

Union Pacific’s legendary Big Boy No. 4014 took center stage in Philadelphia on the Fourth of July as tens of thousands gathered for the America250 Block Party, commemorating the nation’s 250th anniversary.