The Surface Transportation Board has denied a request to remove the 40-mile Fort Bragg-Willits rail corridor from the national rail network, preserving the line for continued freight and passenger use.
The Central of Georgia Railroad Company has filed a verified notice of exemption to acquire more than 2.6 miles of trackage rights near Savannah, Georgia.
The Surface Transportation Board on Friday unanimously rejected the major merger application filed by Union Pacific and Norfolk Southern, finding the submission incomplete under federal regulations.
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.