Initial reactions to rail merger plan mostly skeptical or negative
Skepticism over claimed benefits marked reactions to the Union Pacific-Norfolk Southern merger filing.
Skepticism over claimed benefits marked reactions to the Union Pacific-Norfolk Southern merger filing.
The Surface Transportation Board is asking comments on the completeness of the 7,000-page merger application from Union Pacific and Norfolk Southern.
Union Pacific and Norfolk Southern will file their formal merger application Friday with the Surface Transportation Board, detailing historic plans for the first transcontinental railroad.
Union Pacific and Norfolk Southern win the backing of Congressmen from Deep South states where they operate for their controversial transcontinental rail merger.
Union Pacific has set a specific date to submit its application to federal regulators for its merger with Norfolk Southern.
The railroads had expected to file their formal merger application with the Surface Transportation Board this week.
U.S. ports urge strict evaluation by Surface Transportation Board of proposed transcontinental rail merger, cautioning on impact to the supply chain and economy.
Federal regulators approved the sale of regional line Wheeling & Lake Erie Railway to Fortress Investment Group.
Collaboration has been driving recent success for U.S. railroads, according to BNSF, and controversial plans for a transcontinental merger are unlikely to benefit shippers, or the rail industry.
Shares of Union Pacific and Norfolk Southern rise as the railroads count down the days until filing their formal merger application with federal regulators.
The top law enforcement officers from three states urged federal regulators to approve the $85 billion Union Pacific-Norfolk Southern railroad merger.
Republican legislators in a letter to federal regulators warn that the merger of Union Pacific and Norfolk Southern could create a rail colossus and with it raise prices and hinder U.S. competitiveness.
The top law enforcement officers for nine states say the merger of Union Pacific and Norfolk Southern threatens national security – and President Trump’s plans for American prosperity.
Nominees who will help judge the fate of the Union Pacific-Norfolk Southern merger told a Senate hearing they won’t let politics influence their decisions.
Union Pacific and Norfolk Southern have asked the Surface Transportation Board to expedite the review of their proposed transcontinental merger.
Union Pacific has made a donation to help fund President Trump’s White House ballroom, ostensibly to help win regulatory approval of its $85 billion merger with Norfolk Southern.
The Surface Transportation Board has added another executive to its industry advisory council.
The American Chemistry Council has serious concerns about the impact to its members’ business.
Former Surface Transportation Board member Robert Primus on Wednesday sued President Trump, the rail board and its chairman, challenging his firing by Trump in August.
BNSF Railway states that Union Pacific’s deal to acquire Norfolk Southern will hurt rail competition, increase rates, reduce service, and likely lead to operational issues.