• Union Pacific secured a jobs-for-life agreement with SMART-MD, covering represented mechanical workers tied to the proposed Norfolk Southern merger.
• Deal terms provide that any union employee on the payroll at merger approval keeps a union job for life.
• Labor backing now includes a majority of unions representing employees at Union Pacific and Norfolk Southern.
• Agreement reduces labor-related execution risk as the Surface Transportation Board continues reviewing the merger application.
• Companies still target closing in the second half of 2027, pending regulatory clearance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UP - Union Pacific Corporation published the original content used to generate this news brief on September 22, 2026, and is solely responsible for the information contained therein.