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2 Big Rail Unions Oppose $85B Union Pacific-Norfolk Southern Merger over Safety and Cost Concerns
Democratic lawmakers highlight the need for oversight to ensure safety, worker protections, and competition amid a federal review expected to last over a year.
- Bennie Thompson, Troy Carter and Cleo Fields submitted a letter to the Surface Transportation Board urging careful review with conditions to protect safety, workers, competition and communities, noting benefits if implemented properly.
- Last month, attorneys general from Nebraska, Georgia and West Virginia urged regulators to approve the merger, while nine Republican attorneys general warned it could reduce competition and raise prices.
- Union Pacific plans to file its full application with the Surface Transportation Board soon, shareholders of both companies have approved the transaction, and the companies pledged safety and community investments.
- They urged the Surface Transportation Board to weigh economic and community impacts and to demand transparency, stressing scrutiny to prevent disruptions and protect workers, but stopped short of calling for a block.
- The Surface Transportation Board will decide whether the merger meets federal standards and preserves competition, with a review lasting at least one year and considering freight rail's economic role and fuel efficiency compared with trucking.
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Associated Press News+13 Reposted by 13 other sources
2 big rail unions oppose $85B Union Pacific-Norfolk Southern merger over safety and cost concerns
The proposed $85 billion merger of the Union Pacific and Norfolk Southern railroads has lost the support of two of their biggest unions that represent more than half the workers because they are worried the deal would increase safety risks, lead to higher shipping rates and consumer prices and cause
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InsideNoVA.com+24 Reposted by 24 other sources
Dem lawmakers express cautious support for Union Pacific–Norfolk Southern merger
(The Center Square) – Three Democratic members of Congress are urging federal regulators to give careful consideration to the proposed merger between Union Pacific and Norfolk Southern, saying the deal could deliver benefits for shippers, consumers and communities if implemented…
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Total News Sources41
Leaning Left9Leaning Right5Center12Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 35%
C 46%
R 19%
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