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Stuart Chirls
Wed, May 27, 2026 astatine 10:33 AM CDT 2 min read
Union Pacific refuted claims by apical instrumentality enforcement officials of six reddish states this week that it failed to supply required accusation erstwhile it filed a revised exertion with national regulators for its merger with Norfolk Southern.
In a Tuesday filing with the Surface Transportation Board, the Covington instrumentality steadfast said that the railroads met their obligations for further accusation on:
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Market shares incorporating projected postulation maturation for the postmerger UP (NYSE: UNP) and NS (NYSE: NSC) arsenic required by the Board
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Downstream post-merger effects
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Planned divestment of its shares of the Terminal Railroad Association of St. Louis and the Kansas City Terminal Railway
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Use of their partial ownership of railcar excavation TTX for non-competitive purposes
“[I]f the attorneys wide independently reappraisal the merits [of the merger successful the revised application], “they volition admit this end-to-end transaction volition nutrient important pro-competitive benefits for shippers successful the states they serve,” the missive said. UP added that competitors are warring the projected transaction “because they recognize they volition look overmuch stronger contention from a merged UP/NS.”
The partners pushed backmost astatine the AGs’ claims that the STB again rejecting the exertion arsenic incomplete again would not beforehand President Trump’s policies.
“[T]he projected transaction volition straight beforehand the administration’s policies of reindustrialization and affordability…[and] alteration the U.S. proviso chain, heighten American competitiveness, and energize virtually each assemblage of the economy.”
The STB is expected to regularisation connected the updated exertion this week. In caller merger past dating to the 1990s, nary merger exertion has been rejected twice.
Read much articles by Stuart Chirls here.
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UP CEO assured obstruction merger exertion checks each the STB’s boxes
The station UP refutes caller AG claims, says it provided each answers successful merger paperwork appeared archetypal connected FreightWaves.
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