A group of Attorneys General are again urging federal regulators to reject the application for the Union Pacific-Norfolk Southern transcontinental rail merger.
The CEO of Union Pacific said he is confident the revised UP-Norfolk Southern merger application will be accepted by the Surface Transportation Board.
Union Pacific filed a complaint with federal regulators alleging that BNSF Railway’s cancellation of certain reciprocal switching rates has significantly increased costs for grain shippers.
Union Pacific and Norfolk Southern defended their revised merger application, calling it “comprehensive and complete” while rebutting calls for its rejection.
Canadian National urged a U.S. regulator to reject the revised but still-incomplete merger application submitted by Union Pacific and Norfolk Southern.
Six people were found dead inside a cargo boxcar at a Union Pacific rail yard in Laredo, Texas, as authorities launched an investigation into the incident.
Union Pacific could walk away from its proposed merger with Norfolk Southern if federal regulators impose onerous conditions for approval.
Union Pacific and Norfolk Southern say their updated merger filing to create the first transcontinental railroad makes an even stronger case for increased growth, lower shipper costs, and a more robust U.S. supply chain.
As Union Pacific and Norfolk Southern prepare to file an updated merger application with regulators, rival railroads have launched a coalition aimed at stopping the proposed transcontinental tie-up.
Alameda Belt Line, co-owned by Union Pacific and BNSF, will negotiate for the contract to provide switching services to the Port of Los Angeles-Long Beach.
Union Pacific delivered record operating income and revenue despite weaker international intermodal and automotive shipments that hurt overall freight volumes.
Norfolk Southern said first-quarter earnings were slightly lower as winter weather woes and higher fuel prices hurt freight volumes.
Union Pacific reported first quarter income improved from a year ago as improved pricing and higher fuel surcharge revenue offset a narrow decline in carload freight.
Shippers want federal regulators to disclose confidential terms under which Union Pacific could walk away from its proposed merger with Norfolk Southern.
Norfolk Southern’s Mark George says the acquisition of the railroad by Union Pacific will speed up the movement of freight and spur unprecedented growth across the U.S. rail network.
A rival CEO warned the proposed merger of Union Pacific and Norfolk Southern, if approved, would give the transcontinental behemoth a commanding 50% share of all U.S. rail freight.
A key on-dock rail hub at the busiest U.S. port has effectively doubled the terminal’s capacity.
Norfolk Southern and Jaguar Transport Holdings are partnering on a multi-pronged deal to grow rail-served and transload customers in metro Atlanta.
A Union Pacific executive disputed claims by Canadian National that it intentionally understated traffic it would take from rival railroads in its merger application with Norfolk Southern.
Union Pacific CEO Jim Vena said his railroad will have capacity to manage growth from the proposed merger with Norfolk Southern, since UP has slashed the number of trains it operates on its system by 24% since 2019.
