Norfolk Southern Shares Rise 0.78% on $430M Volume Ranking 225th as Merger Talks with Union Pacific Intensify

On August 29, 2025, Norfolk Southern (NSC) traded at 0.78% higher, with a trading volume of $0.43 billion, marking a 48.82% decline from the previous day's volume. The stock ranked 225th in trading activity among listed companies on the day.

Union Pacific Corporation (UPC) and Norfolk Southern Corporation (NSC) disclosed to the Surface Transportation Board (STB) their intention to submit a merger application by January 29, 2026. The proposal involves UPC acquiring control of NSC through its subsidiary Ruby Merger Sub 1 Corporation, creating common control over Union Pacific Railroad and Norfolk Southern Railway. The companies cited 2023 as the base year for their impact analysis, aligning with regulatory disclosure requirements.

Market participants are likely evaluating the strategic implications of the potential merger, which could reshape freight rail operations across North America. The prefiling notification underscores the regulatory scrutiny inherent in consolidating two major Class I railroads, potentially influencing investor sentiment toward NSC’s operational efficiency and market positioning.

Backtesting results indicate that the stock’s performance on August 29, 2025, reflected a 0.78% increase, with a trading volume of $0.43 billion recorded for the session.