All articles tagged with #rail merger
Vena, a CEO advocating for a major rail merger between UP and NS, met with the White House to garner support, claiming it would benefit U.S. competition and infrastructure, though some unions and industry groups oppose it due to concerns over competition and supply chain impacts.
President Donald Trump dismissed Democratic Surface Transportation Board member Robert Primus to break a tie on the approval of the largest railroad merger in U.S. history, raising concerns about political interference in independent agencies and the potential impact on rail industry competition and growth.
Union Pacific is close to acquiring Norfolk Southern in a historic rail industry deal, potentially creating a transcontinental rail giant and reshaping the North American rail market, with the deal possibly announced early next week.
The Surface Transportation Board has approved the merger of Canadian Pacific Railway and Kansas City Southern, creating a freight rail system linking North America. The deal is the first major rail merger in over two decades and will connect the United States, Mexico, and Canada, covering more than 20,000 miles of track. The board laid out conditions to protect competition and mitigate effects on communities, and the combined company will be called Canadian Pacific Kansas City. The merger is expected to foster growth of rail traffic, support passenger operations, and shift freight from highways to rail, ultimately resulting in greater safety and benefits to the environment.