CN, Union Pacific sign settlement pact tied to proposed Union Pacific-Norfolk Southern merger

• Union Pacific signed a binding settlement framework with CN tied to Union Pacific’s proposed merger with Norfolk Southern.
• CN would gain competitive access to shipper facilities where Class I rail options drop from 2 to 1 or 3 to 2.
• CN would buy Norfolk Southern’s stakes in Kansas City Terminal Railway and the Terminal Railroad Association of St. Louis.
• Operational rights would expand CN’s Midwest footprint, including access between Tuscola and East St. Louis, service rights between St. Louis and Kansas City.
• CN agreed not to oppose the Union Pacific–Norfolk Southern deal, with implementation tied to completion of that merger.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CN - Canadian National Railway Company published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.