May 2, 2026
What a single-line transcontinental does to trucking
Union Pacific and Norfolk Southern's amended merger application projects 2.1 million truckloads a year shifting modes and $3.5 billion in annual...
Read articleWhile STB accepted the companies' merger application, it said May 28 that it would put further review on hold until additional information is submitted. UP and NS have until July 27 to address.
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Early forecasts on this market can earn up to +25.0 bonus points if your prediction is correct.
The bonus window spans about 298 days between market open and close, with the largest bonus available to the earliest correct forecasts.
January 16, 2027
Resolves YES if the Surface Transportation Board formally accepts the revised Union Pacific-Norfolk Southern merger application and initiates a full substantive review proceeding (i.e., sets a procedural schedule for merits review) by December 31, 2026. Resolves NO if the application is rejected again, withdrawn, or no accepted application enters substantive review by year-end. Source: STB press releases, Federal Register notices, or official STB docket entries.
Union Pacific filed an $85 billion merger application with the Surface Transportation Board on Dec. 19, 2025, seeking to acquire Norfolk Southern and create the first transcontinental railroad since the 19th century. The STB rejected the initial application as incomplete on Jan. 16, 2026. UP plans to refile a revised application by April 30. If accepted for review, the combined railroad would create 10,000 single-line service lanes and claims it would divert 2 million truckloads annually from highway to rail. The STB has set a June 22, 2026 deadline for any refiled application.
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While STB accepted the companies' merger application, it said May 28 that it would put further review on hold until additional information is submitted. UP and NS have until July 27 to address.
Early forecasts on this market can earn up to +25.0 bonus points if your prediction is correct.
The bonus window spans about 298 days between market open and close, with the largest bonus available to the earliest correct forecasts.
January 16, 2027
Resolves YES if the Surface Transportation Board formally accepts the revised Union Pacific-Norfolk Southern merger application and initiates a full substantive review proceeding (i.e., sets a procedural schedule for merits review) by December 31, 2026. Resolves NO if the application is rejected again, withdrawn, or no accepted application enters substantive review by year-end. Source: STB press releases, Federal Register notices, or official STB docket entries.
Union Pacific filed an $85 billion merger application with the Surface Transportation Board on Dec. 19, 2025, seeking to acquire Norfolk Southern and create the first transcontinental railroad since the 19th century. The STB rejected the initial application as incomplete on Jan. 16, 2026. UP plans to refile a revised application by April 30. If accepted for review, the combined railroad would create 10,000 single-line service lanes and claims it would divert 2 million truckloads annually from highway to rail. The STB has set a June 22, 2026 deadline for any refiled application.
Rig Load Report posts linked directly to this market.
Active markets come first, followed by recently resolved calls from the same category.
Will the United States formally withhold approval for USMCA renewal (past 2036) at the mandatory July 1, 2026 joint review meeting? Trump has exp...
On May 20, 2026, FMCSA removed 12 devices from its list of registered electronic logging devices, bringing the cumulative total since January 202...
The Federal Reserve's policy rate sits at a target range of 3.50% to 3.75%. Coming into 2026 the path pointed toward gradual cuts, but inflation...