Norfolk Southern Corporation · NYSE:NSC
Norfolk Southern — Merger or Acquisition (August 2025)
7 slides from Norfolk Southern's merger presentation, Aug 21, 2025
Slide 1: Building the Future of Freight Together
BUILDING THE FUTURE OF FREIGHT TOGETHER.
Slide 2: Forward-looking statements and offer disclaimer
This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solic
Slide 3: Additional information and participants in solicitation
Investors and security holders of Union Pacific and Norfolk Southern may obtain free copies of these documents and other documents filed with the SEC through the website maintained by the SEC at http://www.sec.gov or from Union Pacific at its website, https://investor.unionpacific.com/financials/sec
Slide 4: Transcontinental Rail Service Supports U.S. Economic Growth
TRANSCONTINENTAL RAIL SERVICE SUPPORTS U.S. ECONOMIC GROWTH Better for Our Nation Enhances U.S. Competition Better for Customers Opportunities for Employees / Labor • Advances America’s domestic manufacturing and economic growth • Fortifies national defense • Reduces highway maintenance costs for Am
Slide 5: For Our Workforce
Protect and expand opportunities for our employees. • Both railroads envision every union employee who wants a job in the combined company will have one. • Expected rail volume growth will drive additional employment opportunities. • Non-union workers will have opportunities to grow as part of a lar
Slide 6: Union Pacific Strategy: Safety, Service & Operational Excellence = Growth
SAFETY SERVICE ASSET UTILIZATION COST CONTROL PEOPLE Be the best at safety. Deliver the service we sold our customers. Drive decision-making to those closest to the work. Spend resources wisely, with a buffer for the unexpected. Engage our teams and stakeholders. UNION PACIFIC STRATEGY: SAFETY, SERV
Slide 7: Q & A
Q & A
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