05:06 PM EDT, 07/17/2025 (MT Newswires) -- Union Pacific ( UNP ) is holding preliminary deal talks to acquire Norfolk Southern ( NSC ) , The Wall Street Journal reported late Thursday, citing sources.

The talks between the companies are in early stages, and a deal is not guaranteed. More suitors could also emerge, people familiar with the matter told the media outlet.

Union Pacific ( UNP ) didn't immediately respond to a request for comment from MT Newswires, while Norfolk Southern ( NSC ) declined to comment.

Shares of Norfolk Southern ( NSC ) were up 4% in after-hours trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)