2025-12-19 13:45Merger Benefits - The merger of Union Pacific and Norfolk Southern aims to advance America's domestic manufacturing and economic growth[7] - The merger is projected to convert over 2 million annual truckloads from roads to rails[7] - Customers will benefit from a single network, faster routes, and single-line pricing[7] - Approximately 900 net new union jobs are expected to be created to handle volume growth[7] Operational Improvements - The integrated network will include six new premium intermodal lanes, with transit time savings of up to 20 hours on Southern California/Northeast lanes and up to 95 hours on Southern California/Southeast lanes[11] - The merger anticipates carload growth of 425,000 annual carloads in manifest, bulk, and auto, driven by single-line service in underserved markets[12] - The combined company plans a total of $2.1 billion in incremental integration capital to support growth and greater efficiency[16] - The merger expects to reduce 60,000 car-miles, 2,400 handlings, and 4,700 train-miles each day through optimized operating plans[15] Financial Synergies - The merger anticipates up to $2 billion in net revenue EBITDA synergies[20] - The merger anticipates approximately $1 billion in cost synergies[20] - The merger anticipates generating over $12 billion in annual free cash flow by Year 3[20]