Reported about 23 hours ago
The American chemicals industry has expressed strong opposition to the proposed merger between Union Pacific (UP) and Norfolk Southern (NS), warning that it could harm competition and increase transportation costs, impacting their global competitiveness. Industry leaders argue that previous rail mergers have led to detrimental outcomes like service disruptions and higher rates. They urge that the burden of proof lies with UP and NS to demonstrate that the merger will enhance competitiveness rather than degrade it, calling for strict regulatory scrutiny to ensure the merger does not undermine the U.S. manufacturing base.
Source: YAHOO