CPKC opposes Union Pacific Railroad/Norfolk Southern merger

The PSC is voicing its support to keep the proposed merger between Union Pacific and Norfolk Southern railroads on track. Commissioners today unanimously approved sending a letter of strong support to the national Surface Transportation Board, which is reviewing the proposal. The PSC has jurisdiction over all railroad carriers in Nebraska and partners with the federal government to enforce standards related to track and railcar safety across the state.

A proposed $85 billion merger between Union Pacific and Norfolk Southern cleared a key hurdle Friday, as it earned the overwhelming support of shareholders. Approximately 99% voted in favor of the potentially historic deal to build the nation’s first coast-to-coast rail network. Next, the plan requires federal regulatory approval from the Surface Transportation Board. SMART-T — the nation’s largest rail union — along with hundreds of shipping companies, have endorsed the merger. Others, including rival railroad BNSF, have raised concerns about its potential to limit competition.

Union Pacific Railroad CEO refutes BNSF Railway charge it will drop hundreds of #intermodal lanes if merger with Norfolk Southern is approved. Story link in the comments. #railroads #MandA #UP #BNSF FreightWaves

Strong transportation networks mean strong communities. SPEDA supports the proposed merger between Union Pacific Railroad and Norfolk Southern. President & CEO Chris Girdler recently met with Norfolk Southern’s Senior Industrial Development Manager, Cathleen Flournoy, to discuss what this merger could mean for our region’s future. This is about more than just railroads — it's about ensuring American freight rail remains globally competitive. A partnership between Union Pacific and Norfolk Southern not only enhances connectivity but also expands opportunities for local businesses and strengthens economic development in Somerset-Pulaski County. #somersetleads #PulaskiProud #makingbusinessaboutpeople

On its own, the combination of UP and NS at this time would pose unprecedented and far-reaching risks to customers, rail employees and the broader supply chain.” https://lnkd.in/eyGb5PBU

On its own, the combination of UP and NS at this time would pose unprecedented and far-reaching risks to customers, rail employees and the broader supply chain.” https://lnkd.in/eizqugDQ

Union Pacific wants to buy Norfolk Southern in an $85 billion deal that would create the first transcontinental railroad. https://hubs.ly/Q03PS0-r0

Today, during a Special Meeting of Shareholders, Norfolk Southern shareholders voted overwhelmingly — with nearly 99% of the shares cast in favor — to approve the transaction with Union Pacific Railroad. As CEO Mark George shared, "The approval of our shareholders marks a key milestone in our journey to create America’s first coast-to-coast transcontinental railroad, combining complementary networks and capabilities to unlock a multiplier effect for benefits to all stakeholders. The merger will preserve union jobs and improve safety while delivering faster, more reliable transit times. Together with UP, we will make rail more competitive with highways, offering customers new, more attractive shipping alternatives, unleashing the industrial strength of American manufacturing and creating new sources of economic growth across the country.” 🔗 Learn more at https://lnkd.in/eqV8wxRq.