U.S. Rep. Dusty Johnson and 47 other lawmakers have urged the Surface Transportation Board (STB) to conduct a thorough review of the proposed merger between Union Pacific Railroad and Norfolk Southern Railway. Their primary concern is the significant impact this merger could have on agriculture’s ability to transport grain to market, emphasizing the need to ensure robust competition and protect customers’ interests. The STB previously rejected the companies’ initial application as incomplete, prompting Johnson to stress the importance of a rigorous review under the agency’s newer merger rules and heightened scrutiny of market concentration.
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Lawmakers Raise Concerns Over Ag Shipping Impacts in Proposed Union Pacific-Norfolk Southern Merger
U.S. Rep. Dusty Johnson and 47 other lawmakers have urged the Surface Transportation Board (STB) to conduct a thorough review of the proposed merger between Union Pacific Railroad and Norfolk Southern Railway. Their primary concern is the significant impact this merger could have on agriculture’s ability to transport grain to market, emphasizing the need to ensure robust competition and protect customers’ interests. The STB previously rejected the companies’ initial application as incomplete, prompting Johnson to stress the importance of a rigorous review under the agency’s newer merger rules and heightened scrutiny of market concentration.