Thousands of rail employees across the region are watching developments that could impact their future. The nation’s four largest railroad companies are mulling plans to merge into just two giant systems.

In reporting second-quarter 2025 financial results that showed improvements in revenue, net income, volume and operating ratio, Union Pacific confirmed what has been widely speculated for the past few

Union Pacific is working with Morgan Stanley investment bankers to provide guidance on the potential acquisition of another Class I railroad, the online publication Semafor reported on Wednesday, citing people familiar with the matter.

As the carriers plan two significant mergers, the leadership of the rail unions is collaborating with management to withhold information and divide workers.