US EditionAnalysts say stalled growth, fading pricing power drive UP–NS merger push
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Analysts say stalled growth, fading pricing power drive UP–NS merger push
Union Pacific and Norfolk Southern doctored the road numbers on their locomotives in this image to reflect the founding years of their railroads; 1827 for Norfolk Southern’s oldest predecessor and 1862 for Union Pacific. UP/NS Why merge — and why merge now? Those were leadoff questions last week at a virtual salon where four industry veterans dissected the forces behind Union Pacific’s proposed acquisition of Norfolk Southern, the untested regul…
The US railway company BNSF Railway considered that the possible merger between Union Pacific (UP) and Norfolk Southern Corporation (NSC) is unnecessary, anticompetitive and would increase tariffs, impacting the supply chain of the American Union. “Our nation’s supply chain does not need a reduction in competitive options or the risk inherent to integration that we have seen occurring after almost all Class I mergers. No customer is requesting a…
BNSF Railway on UP-NS merger: ‘Costly, unnecessary, anti-competitive and bad for the US economy’
BNSF Railway clearly states where it stands with regard to the $250bn UP-NS deal: “No customer is asking for a UP-NS merger to happen. It’s driven by Wall Street on the promise of a big shareholder payout. BNSF does not believe a merger is necessary at this time, when we can deliver immediate benefi ts to our customers while preserving competition.” More details about combined entity’s market share and why, according ... The post BNSF Railway o…
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