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The CEO of Union Pacific said he is confident the revised UP-Norfolk Southern merger application will be accepted by the Surface Transportation Board. The post UP CEO confident rail merger application checks all the STB’s boxes appeared first on FreightWaves.
The Union Pacific–Norfolk Southern merger deserves scrutiny but also serious consideration, because the alternative is a system never built to work.
Competitors such as BNSF, CPKC and CSX say Union Pacific and Norfolk Southern's refiled application falls short. Here's why.
The regulatory battle over whether Union Pacific Corp. should be allowed to acquire Norfolk Southern Corp. in an $85 billion deal continued this week as UP filed its answer to criticisms of its amended application. Less than three days later, UP competitor BNSF Railway responded with a letter saying UP’s response remained inadequate in that UP and NS still have not provided the Surface ...
Union Pacific and Norfolk Southern defended their revised merger application, calling it "comprehensive and complete" while rebutting calls for its rejection. The post UP-NS say revised merger application is ‘comprehensive and complete’ appeared first on FreightWaves.