#railroad-merger

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#labor-unions #shipperscompetition #job-protections #union-pacific #norfolk-southern #freight-rail
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fromFortune
4 days ago

Largest rail union backs $85 billion merger after job protections, but critics warn of monopoly risk | Fortune

Union Pacific secured SMART-TD's endorsement for its $85 billion Norfolk Southern acquisition by promising no layoffs, but other unions and shippers remain concerned.
fromwww.bostonherald.com
2 months ago

Union Pacific and Norfolk Southern confirm merger talks to create coast to coast railroad

Independent railroad analyst Tony Hatch stated that the progress in negotiations indicates that the companies have identified benefits such as efficiency, which would be transferred to customers. This is vital for regulatory approval under the Surface Transportation Board's enhanced competition clause.
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