WASHINGTON — The Union Pacific-Norfolk Southern merger application omits $2.69 billion in additional costs that intermodal marketers will incur if the railroads’ deal diverts the promised 2 million loads off the highway, according to an analysis submitted to federal regulators. The railroads’ traffic diversion projection is a key part of their case that the merger […]
SCHAUMBURG, Ill. — While the CEOs of BNSF, CPKC, and Union Pacific squared off on the pros and cons of the UP-Norfolk Southern merger at the Midwest Association of Rail Shippers winter meeting, the fourth Class I representative on the agenda — Janet Drysdale, Canadian National chief commercial officer, took another path. Mostly. “I will not […]
WASHINGTON — Other railroads were not the only parties welcoming the Surface Transportation Board’s decision to reject the initial application for the Union Pacific-Norfolk Southern merger. Shipper groups also voiced their approval. The board, citing three areas in which it said the almost 7,000-page application was incomplete, rejected the UP-NS application on Friday, Jan. 16 […]
WASHINGTON — The Surface Transportation Board today issued a setback to Union Pacific’s effort to acquire Norfolk Southern, rejecting the railroads’ merger application as incomplete — although that move offers little clue to the eventual prospects for the first transcontinental merger. The decision will slow the merger process, requiring the two railroads to rework three […]
SCHAUMBURG, Ill. — Union Pacific CEO Jim Vena had the crowd laughing Thursday (Jan. 15) throughout his talk to the Midwest Association of Rail Shippers, to the point that analyst Anthony B. Hatch, the event’s final speaker, said that he appreciated getting the chance “to do a set at the Vena Comedy Club.” One example […]
SCHAUMBURG, Ill. — You could say that Jim Vena’s latest salvo in the war of words over the proposed Union Pacific-Norfolk Southern merger was downright Shakespearean. Which is to say that the Union Pacific CEO thinks the other Class I railroads doth protest too much. “If your competitor was doing something stupid, what would you […]
Railroads proposing mergers inevitably make ambitious promises and projections, particularly about faster service and more competition. Not all of them become reality, despite the best intentions of railroaders who work at a feverish pace to develop the operating plans submitted to federal regulators. A case in point: CSX, as part of its 1999 acquisition of […]
SCHAUMBURG, Ill. — BNSF Railway CEO Katie Farmer still doesn’t see further rail industry consolidation as inevitable if a Union Pacific-Norfolk Southern merger is approved. Just the fact that the topic keeps being discussed could be taken as an argument against the merger, Farmer said in a conversation with Trains prior to her appearance today […]
SCHAUMBURG, Ill. — The CEOs of Canadian Pacific Kansas City and BNSF Railway took aim at the proposed Union Pacific-Norfolk Southern merger during the first day of the Midwest Association of Rail Shippers winter meeting — and urged the rail customers in attendance to voice any concerns they may have to federal regulators. CPKC CEO […]
WASHINGTON — Union Pacific and Norfolk Southern are withholding key documents that are needed for rival railroads, shippers, and regulators to properly evaluate their transcontinental merger proposal, BNSF Railway and Canadian National have told the Surface Transportation Board. In separate filings, BNSF and CN say the STB cannot properly assess the merger’s potential impacts on […]
Industry analysts speaking at a RailTrends webcast on Thursday (Jan. 8, 2026) were skeptical about some of the claims Union Pacific and Norfolk Southern make in their merger application, including its central theme that the $85 billion combination is fundamentally about volume growth. Independent analyst Rick Paterson noted that UP and NS volumes have been […]
FORT WORTH, Texas — BNSF Railway Chief Marketing Officer Tom Williams warned customers on Tuesday, Jan. 6, that the proposed Union Pacific-Norfolk Southern merger “poses serious risks to competition, service, and your supply chain.” BNSF has had time to review the 6,692-page UP-NS merger application that was filed with federal regulators on Dec. 19, Williams […]
