Union Pacific Corp. said it met with customers at the Midwest Association of Rail Shippers’ winter meeting to discuss the proposed merger with Norfolk Southern and respond to criticism of the transaction.
CN has filed a motion with the Surface Transportation Board to compel additional information in relation to the proposed merger agreement between Union Pacific and Norfolk Southern.
The Surface Transportation Board has proposed repealing a 1985 rule governing reciprocal switching, through routes, and through rates, saying the change would remove regulatory barriers and expand competitive options for shippers and railroads.
CN said the application that Union Pacific and Norfolk Southern filed with the STB on Friday “fails to demonstrate that the merger would enhance competition or generate significant public benefits that would require a merger.”
BNSF President & CEO Katie Farmer said that while the company is reviewing the STB filing submitted by Union Pacific and Norfolk Southern on Friday, it will have more to say.
Union Pacific Corporation and Norfolk Southern Corporation today filed an application with the Surface Transportation Board requesting approval to combine the two railroads.
CSX Transportation wants federal approval to discontinue common-carrier service along a more than 11.1-mile section of tracks in Oswego and Onondaga counties, New York.
The South Carolina Central Railroad and Georgia Southwestern Railroad have asked federal regulators to approve the abandonment and discontinuance of service on nearly 2.2 miles of rail in Muscogee County, citing the lack of freight traffic since 2016.
The Chicago, Central & Pacific Railroad has asked federal regulators to approve limited local trackage rights over a 43.5-mile segment of the Cedar River Railroad, from milepost 41.5 at Charles City, Iowa, to milepost 85.0 in London Township, Minnesota.
The Surface Transportation Board has granted Fortress Investment Group an exemption to assume control of The Wheeling Corporation and its rail subsidiaries, the Class II Wheeling & Lake Erie Railway and Class III Akron Barberton Cluster Railway.