Union Pacific argues for its $85B acquisition of Norfolk Southern in n

Editorial: Union Pacific, Norfolk Southern merger bears watching locally

Last week, as expected, Union Pacific Corp. filed its revised application with the Surface Transportation Board as it seeks regulatory approval to buy Norfolk Southern Corp. in a deal valued at $71 billion to $85 billion.

Norfolk Southern seeks OK for $85B Union Pacific tie-up

WASHINGTON — Union Pacific and Norfolk Southern have submitted a revised merger application with the Surface Transportation Board, seeking approval of an $85 billion tie-up to create the first U.S. coast-to-coast freight rail operator.

Union Pacific argues for its $85B acquisition of Norfolk Southern in n

OMAHA, Neb. (AP) — Union Pacific hopes regulators will be convinced this time that its $85 billion acquisition of Norfolk Southern that it detailed for the second time Thursday will be good for the country. The U.S. Surface Transportation Board rejected Union Pacific’s initial application because regulators wanted more details about how the deal would affect the competitive balance between the five remaining major freight railroads and the impac…

Union Pacific’s $85 Billion Norfolk Southern Merger Faces a New Walk-Away Test

Union Pacific warned it could drop its $85 billion bid for Norfolk Southern if U.S. regulators require major line sales or trackage rights as merger conditions. The Surface Transportation Board is still reviewing whether the revised application is complete, with a May 8 deadline for comments. CSX and other rivals have stepped up opposition, citing reduced competition. Union Pacific may owe Norfolk Southern a $2.5 billion fee if it walks away. Th…

Coalition Forms to Oppose Union Pacific–Norfolk Southern Merger, Citing Competition and Cost Concerns

A newly formed coalition of industry groups, labor organizations and rail competitors launched to oppose the proposed merger of Union Pacific and Norfolk Southern, stating in a press release that the deal could reshape the U.S. freight rail system by concentrating market power and increasing costs for businesses and consumers. Norfolk Southern has a major presence in Cobb County, with a rail yard on Garrett Memorial Highway in Austell. The group…

Union Pacific would exit Norfolk Southern merger if STB orders widespread line sales or trackage rights

Union Pacific could walk away from its proposed merger with Norfolk Southern if federal regulators impose onerous conditions for approval.