Union Pacific and Norfolk Southern are confirming they're in merger talks that would create North America’s largest railroad, stretching service from East to West Coasts.

The combination of two large rail companies would create the first coast-to-coast network, but the deal could reduce competition.

Q2 2025 Management View CEO Vincenzo James Vena highlighted, "Union Pacific reported 2025 second quarter earnings per share of $3.15. We had 2 unusual and offsetting items in the second quarter: a deferred tax benefit;