Union Pacific Corp. (NYSE:UNP) on Thursday reported better-than-expected second-quarter 2025 earnings and revenue, driven by volume growth, core pricing gains, and record operational productivity. The railroad posted net income of $1.

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

Norfolk Southern Corporation (NYSE:NSC) saw its stock rise 3.4% following confirmation that it is in “advanced discussions” with Union Pacific Corporation (NYSE:UNP) about a possible merger. Meanwhile,