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Union Pacific and Norfolk Southern Reply to Attorneys General Anti-Merger Letter

Union Pacific Corporation logoUnion Pacific Corporation
Sig3.20Sen+1.60Env0.00Soc0.00Gov-1.30
Norfolk Southern logoNorfolk Southern
Sig2.75Sen+1.05Env0.00Soc0.00Gov-1.45

Union Pacific and Norfolk Southern submitted a nine-page filing to the Surface Transportation Board arguing that merger complaints are conjecture, not proof. They cite past contested tie-ups and research on how opponents use courts to hinder mergers, drawing on former FTC and DOJ antitrust experts. The brief responds to red-state attorneys general urging rejection of the proposed transcontinental freight railroad merger.

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