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Biggest rail union backs UP-NS merger after railroads guarantee job protections
Yahoo Finance·2025-09-23 10:30

Core Viewpoint - The largest rail union, SMART-TD, supports Union Pacific's acquisition of Norfolk Southern after receiving job protection guarantees for its members, marking a significant step towards creating the first transcontinental railroad in the U.S. [1][2][3] Group 1: Union Support and Job Guarantees - SMART-TD has 125,000 active and retired members across all Class I railroads, ensuring job protection for its members in train and yardmaster service for their careers post-transaction [2] - The union's support comes after initial opposition due to job loss concerns, highlighting a shift in stance following the job security assurances [3] Group 2: Company Statements and Future Plans - Union Pacific's CEO, Jim Vena, emphasized the commitment to protect jobs of all unionized employees during the merger process, expressing confidence in unlocking new growth opportunities [4] - The merger application is expected to be filed with the Surface Transportation Board by late October or January 2026, indicating a timeline for the merger process [5] Group 3: Opposition and Concerns - The Transport Workers Union (TWU) continues to oppose the merger, citing concerns over potential job cuts and safety issues related to the creation of a coast-to-coast railroad [4]