06:38 AM EDT, 07/28/2025 (MT Newswires) -- Union Pacific ( UNP ) may reach an agreement early this week to acquire Norfolk Southern ( NSC ) in what would be the largest rail industry deal ever, Bloomberg reported Saturday, citing people familiar with the matter.

The potential transaction is expected to include both cash and stock, though final terms and timing could change, the report said.

Norfolk Southern ( NSC ) and Union Pacific ( UNP ) did not immediately respond to MT Newswires' request for comment.

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