{"id":983957,"date":"2026-07-23T00:38:58","date_gmt":"2026-07-23T04:38:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/"},"modified":"2026-07-23T00:38:58","modified_gmt":"2026-07-23T04:38:58","slug":"union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/","title":{"rendered":"Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger<\/b><\/p>\n<p>OMAHA, Neb. &amp; MONTREAL&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nUnion Pacific Railroad (NYSE: UNP) and CN (NYSE: CNI) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC).<\/p>\n<p>\nThe settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN\u2019s presence in the Midwest and reaffirming gateway protections for all customers and railroads.<\/p>\n<p>\nUnder the settlement agreement, which is contingent on the Surface Transportation Board\u2019s (STB) approval and closing of the merger:<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>CN gains access to shipper facilities where Class I railroad options would be reduced from 2-to-1 or 3-to-2, <\/b>where commercially and operationally feasible.\n<\/li>\n<li><b>CN acquires Norfolk Southern&#8217;s ownership interests<\/b> in the Kansas City Terminal Railway Company (KCT) and the Terminal Railroad Association of St. Louis (TRRA).\n<\/li>\n<li><b>CN gains new access in the Midwest<\/b> through overhead rights between Tuscola, Illinois, and East St. Louis, Illinois, and rights to serve customers between St. Louis, Missouri, and Kansas City, Missouri. For the first time, CN will have a footprint in the heart of Kansas City, with usage of Union Pacific\u2019s Neff Yard.\n<\/li>\n<li><b>CN will not oppose the Union Pacific-Norfolk Southern merger.<\/b> Both parties will collaborate through the STB process to ensure that this agreement takes effect.\n<\/li>\n<\/ul>\n<p>\n\u201cFrom day one, we\u2019ve said our merger with Norfolk Southern will preserve and enhance competitive options and create a stronger railroad industry that delivers better service for customers,\u201d said Union Pacific CEO Jim Vena. \u201cThis settlement agreement reinforces those commitments by giving expanded access and operating rights to a tough competitor.\u201d<\/p>\n<p>\n\u201cAs the rail industry considers significant structural change, it is essential that customers continue to benefit from meaningful competition and choice,\u201d said CN President and CEO Tracy Robinson. \u201cThis framework would preserve competitive access to key markets, including Kansas City, while positioning CN to continue providing reliable and efficient options for customers across North America.\u201d<\/p>\n<p><b>ABOUT UNION PACIFIC<\/b><\/p>\n<p>\nUnion Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.up.com&amp;esheet=54575449&amp;newsitemid=20260722447275&amp;lan=en-US&amp;anchor=www.up.com&amp;index=1&amp;md5=93881b00c81e8fab1a7bb225b31fd5d5\">www.up.com<\/a>.<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.up.com&amp;esheet=54575449&amp;newsitemid=20260722447275&amp;lan=en-US&amp;anchor=www.up.com&amp;index=2&amp;md5=7634586c5dec5d342f94015c7ffab127\">www.up.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2Funionpacific&amp;esheet=54575449&amp;newsitemid=20260722447275&amp;lan=en-US&amp;anchor=www.facebook.com%2Funionpacific&amp;index=3&amp;md5=62a919f92fa65f5622a6b6638234a280\">www.facebook.com\/unionpacific<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.twitter.com%2Funionpacific&amp;esheet=54575449&amp;newsitemid=20260722447275&amp;lan=en-US&amp;anchor=www.twitter.com%2Funionpacific&amp;index=4&amp;md5=ce6379e4708f142d7984fd2d3a075147\">www.twitter.com\/unionpacific<\/a><\/p>\n<p><b>ABOUT CN<\/b><\/p>\n<p>\nCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada\u2019s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nCertain statements by CN and Union Pacific included in this news release constitute \u201cforward-looking statements\u201d within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The companies caution that their assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as \u201cbelieves,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cassumes,\u201d \u201coutlook,\u201d \u201cplans,\u201d \u201ctargets,\u201d or other similar words. Forward-looking statements reflect information as of the date on which they are made. The companies assume no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN or Union Pacific do update any forward-looking statement, no inference should be made that they will make additional updates with respect to that statement, related matters, or any other forward-looking statement.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260722447275r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260722447275\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260722447275\/en\/<\/a><\/span><\/p>\n<p><b>Union Pacific Media Contact:<\/b><a rel=\"nofollow\" href=\"mailto:media@up.com\">media@up.com<\/a><\/p>\n<p><b>CN Contacts:<br \/>\n<\/b><br \/>CN Media<br \/>\n<br \/>Ashley Michnowski<br \/>\n<br \/>Senior Manager<br \/>\n<br \/>Media Relations<br \/>\n<br \/>(438) 596-4329<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@cn.ca\">media@cn.ca<\/a><\/p>\n<p>\nCN Investment Community<br \/>\n<br \/>Jamie Lockwood<br \/>\n<br \/>Vice-President<br \/>\n<br \/>Investor Relations and Special Projects<br \/>\n<br \/>(514) 399-0052<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investor.relations@cn.ca\">investor.relations@cn.ca<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Nebraska United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Rail Transport Logistics\/Supply Chain Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger OMAHA, Neb. &amp; MONTREAL&#8211;(BUSINESS WIRE)&#8211; Union Pacific Railroad (NYSE: UNP) and CN (NYSE: CNI) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC). The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN\u2019s presence in the Midwest and reaffirming gateway protections for all customers and railroads. Under the settlement agreement, which is contingent on the Surface Transportation Board\u2019s (STB) approval and closing of the merger: CN gains access to shipper facilities where Class I railroad options &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-983957","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger OMAHA, Neb. &amp; MONTREAL&#8211;(BUSINESS WIRE)&#8211; Union Pacific Railroad (NYSE: UNP) and CN (NYSE: CNI) announced today that they have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern (NYSE: NSC). The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN\u2019s presence in the Midwest and reaffirming gateway protections for all customers and railroads. Under the settlement agreement, which is contingent on the Surface Transportation Board\u2019s (STB) approval and closing of the merger: CN gains access to shipper facilities where Class I railroad options &hellip; Continue reading &quot;Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-23T04:38:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260722447275r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger\",\"datePublished\":\"2026-07-23T04:38:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\\\/\"},\"wordCount\":745,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260722447275r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\\\/\",\"name\":\"Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger - 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The settlement agreement preserves customer options and resolves terminal railroad ownership issues, while expanding CN\u2019s presence in the Midwest and reaffirming gateway protections for all customers and railroads. Under the settlement agreement, which is contingent on the Surface Transportation Board\u2019s (STB) approval and closing of the merger: CN gains access to shipper facilities where Class I railroad options &hellip; Continue reading \"Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/","og_site_name":"Market Newsdesk","article_published_time":"2026-07-23T04:38:58+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260722447275r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger","datePublished":"2026-07-23T04:38:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/"},"wordCount":745,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260722447275r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/union-pacific-and-cn-reach-agreement-to-expand-customer-opportunities-in-connection-with-merger-2\/","name":"Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger - 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