Union Pacific CEO Calls NSC Merger Approval a Near-Certainty, at '99.999%'

What happened

Union Pacific's top executive voiced near-total confidence that the proposed combination with Norfolk Southern will clear its regulatory hurdle, pegging the likelihood at '99.999%' in remarks reported by Benzinga. The comments speak to the transaction's central open question, as the tie-up — which would unite two major U.S. Class I railroads — still awaits review before the Surface Transportation Board. The reported remarks did not include new conditions or changes to the deal's timeline.