Union Pacific Stock Price, News & Analysis

Union Pacific and Norfolk Southern (NYSE: NSC) will submit a joint application to the Surface Transportation Board on Dec. 19, 2025 requesting approval to combine the two railroads and create what they describe as America’s first transcontinental railroad. Managements will co-host an analyst call and live webcast on Dec. 19, 2025 at 8:45 a.m. ET to review the STB filing; only analyst questions will be addressed. The firms say the comprehensive application will detail how an end-to-end combination could enhance competition, deliver public benefits, and protect union jobs. The full filing and presentation materials will be available on the companies’ investor sites and the transaction microsite.

Union Pacific (UNP) announced the development of Mainline Texas Industrial Park, a master-planned, 2,000-acre industrial site just outside Houston designed to serve customers with rail and highway connectivity.

The park includes 1,300 acres of rail-served land and 700 acres for non-rail industrial/commercial uses, with potential for more than 20 million square feet of Class A development. It offers rail car storage, on-site water and wastewater, regional drainage and access to high-capacity gas infrastructure. The location provides direct access to U.S. 90, Highway 36, Spur 10 and Interstate 69 and reaches > 25 million consumers within a 250-mile radius, plus connections to international gateways in Laredo, Eagle Pass and El Paso.

Union Pacific (NYSE:UNP) appointed W. Anthony “Tony” Will to its Board of Directors, effective Jan. 6, 2026. Will currently serves as president and CEO and a board member of CF Industries and plans to retire from that role on Jan. 4, 2026, then serve in an advisory capacity through March 15, 2026. Will joined CF Industries in 2007 and has held senior leadership roles since 2014. His background includes senior positions at Accenture, Sears, Fort James, Boston Consulting Group and Motorola, and he holds a bachelor’s in electrical engineering from Iowa State and an MBA from Kellogg.

This appointment adds a leader with industrial, manufacturing and executive experience to Union Pacific’s board as the company continues its strategic work on national rail and supply-chain operations.

Union Pacific (NYSE: UNP) executives will speak at the UBS Global Industrials and Transportation Conference on Tuesday, Dec. 2, 2025 at 12:10 p.m. ET. Speakers include CEO Jim Vena, EVP/CFO Jennifer Hamann and EVP Marketing & Sales Kenny Rocker. A live webcast of the presentation will be available in the company Investor Relations section and an audio replay will be posted shortly after the event.

Union Pacific (NYSE:UNP) and the International Brotherhood of Boilermakers reached an agreement announced November 24, 2025 that guarantees job security for union employees who are employed at both Union Pacific and Norfolk Southern at the time of the merger to create a coast-to-coast railroad.

IBB is the fourth national union to sign similar protections, joining SMART-TD, NCFO and Brotherhood of Railway Carmen. Union Pacific CEO Jim Vena said the agreement reinforces a company commitment to protect union jobs while advancing the merger.

Union Pacific (NYSE: UNP) declared a quarterly cash dividend of $1.38 per share, payable Dec. 30, 2025, to shareholders of record on Dec. 5, 2025. Union Pacific has paid dividends for 126 consecutive years, reflecting a long history of shareholder distributions.

Union Pacific (NYSE:UNP) and the Brotherhood of Railway Carmen reached an agreement on November 17, 2025 that guarantees lifetime job protection for BRC members employed at Union Pacific and Norfolk Southern at the time of the merger, subject to standard employment requirements.

The BRC is the third national union to secure such protections after SMART-TD and NCFO. Union Pacific said the merger will create a coast-to-coast railroad and aims to eliminate 24–48 hours from interchanges while connecting underserved areas.

Union Pacific (NYSE: UNP) reported that 99.5% of votes cast at its special meeting approved issuing new Union Pacific common shares in connection with its merger with Norfolk Southern on November 14, 2025.

The preliminary count represented nearly 80% of outstanding shares; final results will be certified and reported in a Form 8-K. The company said it will file an application with the Surface Transportation Board (STB). The transaction remains subject to STB review within statutory timelines and customary closing conditions.

Union Pacific (UNP) and the National Conference of Firemen and Oilers reached an agreement tied to the proposed merger with Norfolk Southern announced on November 10, 2025. The pact commits that NCFO members employed when the merger closes will retain a job for the length of their careers, subject to standard continued-employment requirements.

The agreement frames the merger as creating America’s first coast-to-coast railroad, aims to protect quality jobs, and signals joint implementation efforts to support employee stability, growth pathways, and investment in working conditions.