Union Pacific

Union Pacific is focusing, in the course of the planned takeover, on expanding into a transcontinental US railroad and is reorganizing its freight network. In September the company tested battery-electric locomotives and raised the dividend by 3%. Management will present Q3 figures on October 22, 2026; analysts are watching the operational efficiency targets. » More on finanzen.net

Union Pacific and Norfolk Southern have supplemented their merger filing with the Surface Transportation Board with expanded customer-protection measures. They double the number of qualifying movements under the "Committed Gateway Pricing" program and extend benefits to shippers of bulk-commodity unit trains. The companies promise preservation of access options (e.g., reduction from three to two providers) as well as service-level protections including temporary access to alternative services and a rate-relief procedure if merger benefits do not materialize promptly. With the filing they satisfied additional information requests from the board and are targeting closing the transaction in mid-2027. » More on de.investing.com

Union Pacific reported stronger-than-expected Q2 results with operating revenue of $6.9 billion, adjusted EPS of $3.41 and a 10 basis point improvement in operating ratio to 59.2%, driven by freight and intermodal volume growth. Management raised its 2026 outlook, projecting high single-digit reported EPS growth and showing higher revenue and EBITDA forward growth rates than Norfolk Southern. Norfolk Southern’s outlook is now largely tied to the proposed merger with Union Pacific, making NSC an event-driven, higher-risk opportunity relative to UNP’s standalone operational strength. » More on finance.yahoo.com