Stop the Rail Merger Coalition today responded to alarming comments made by UP CEO Jim Vena - Brotherhood of Locomotive Engineers and Trainmen

UP CEO Vena blasts rivals: mega-merger 'is enhancement of competition'

Another event organised by a prominent sell-side house, another opportunity for Union Pacific CEO Jim Vena to make very clear how, in his personal view, the Union Pacific-Norfolk (UP-NS) mega-deal is truly compelling – and, surely, in the public interest. On Tuesday (16 June), Vena also loudly reminded his Class I railroad rivals – just in case they didn’t get it – that the UP-NS tie-up in the making is entirely ... The post UP CEO Vena blasts r…

Stop the Rail Merger Coalition today responded to alarming comments made by UP CEO Jim Vena - Brotherhood of Locomotive Engineers and Trainmen

WASHINGTON, D.C. — Stop the Rail Merger Coalition today responded to alarming comments made by Union Pacific CEO Jim Vena at an investor conference in which he suggested that the Surface Transportation Board (STB) should rush its review of the proposed UP/NS merger, despite UP/NS’s own failure to provide the information necessary to judge whether the merger is in the public interest. While the STB accepted the second application filing from UP/N…