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Union Pacific NYSE: UNP executives said the company is moving into the merits phase of federal review for its proposed merger with Norfolk Southern, expressing confidence that the transaction will satisfy Surface Transportation Board requirements and create customer, safety and financial benefits.

OMAHA, Neb. & ATLANTA--(BUSINESS WIRE)--Union Pacific and Norfolk Southern demonstrated today that opponents' prima facie challenges should be squarely rejected. In their response filing, the railroads emphasized that their application, which includes extensive evidence and represents months of work, easily satisfies the Surface Transportation Board's (STB) threshold requirements. It gives the STB everything it…

Barbara Oil Co. bought a new position in shares of Norfolk Southern Corporation (NYSE: NSC) in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,500 shares of the railroad operator's stock, valued at approximately $3,932,000. Norfolk Southern makes

B. Metzler seel. Sohn and Co. AG purchased a new stake in Norfolk Southern Corporation (NYSE: NSC) in the undefined quarter, according to its most recent filing with the SEC. The fund purchased 11,664 shares of the railroad operator's stock, valued at approximately $3,669,000. A number of other large investors also recently made

Bank of New York Mellon Corp bought a new stake in shares of Norfolk Southern Corporation (NYSE: NSC) during the undefined quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,158,377 shares of the railroad operator's stock, valued at approximately $364,414,000. Bank of New York Mellon Corp