State Attorneys General Request Surface Transportation Board Reject Norfolk…
13 reports, 10 independent
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What happened
Six state attorneys general requested that the Surface Transportation Board reject the proposed $85 billion merger between Norfolk Southern and Union Pacific. The Alabama Port Authority also filed a notice of intent to participate in the STB’s review, stating concerns about the consolidation.
Why it matters
The opposition highlights concerns that the merger could be detrimental to Alabama’s economic interests and rail-reliant industries. Critics also warn that increased freight and hazardous material traffic could negatively impact local safety and quality of life in communities near rail lines.
Attorneys general in Kansas and Iowa have joined business groups that are opposing the Union Pacific/Norfolk Southern merger.
How it developed
Newest first. Tap a step to see who reported it.Legislator calls on STB to pause merger consideration.1 source
- CEO of one company voiced support for the merger, which is creating a coast-to-coast rail network and improving intermodal logistics.Sub-event
AGs formally requested the STB reject the $85B merger between Norfolk Southern and Union Pacific.1 source
FRCA opposes the consolidation, and STB adjudicatory authority covers published tariff rates.1 source
Opposition groups, including political figures, plan to challenge the proposed $85 billion UP/NS merger before the STB.1 source
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Coverage
Newest first; wire copies grouped- trentonian.com
- waterwaysjournal.net
- bigfoot99.com
- bnnbloomberg.ca
- logisticsmgmt.com
- wwd.comUP, Norfolk Southern Sweeten Merger Proposal With New Customer Protections
- yahoo.com
- logisticsmgmt.com
- FreightWavesRail merger will bring ‘dismal service,’ ‘high rates’, says shippers group A trade group representing 3,500 chemical, manufacturing, agriculture, and energy companies warned that past history shows t
- ReutersRail customers urge regulators to block Union Pacific-Norfolk Southern deal, FT reports (Reuters) -U.S. railroad customer groups have demanded regulators block or put onerous conditions on the propos
- Railway TechnologyUnion Pacific, Norfolk Southern explore potential merger Union Pacific and Norfolk Southern are currently in advanced discussions regarding a potential merger, both companies have confirmed. The outc