BNSF Railway announced the Class I railroad has filed a petition with the Surface Transportation Board, requesting the immediate review and enforcement of conditions imposed during the Union Pacific (UNP) and Southern Pacific merger nearly 30 years ago. “With UP now proposing another unprecedented merger, this time with Norfolk Southern (NSC), the stakes for shippers nationwide could not be higher. Before considering any new consolidation, we ask the board to ensure the commitments made during the UP/SP merger are honored, and that competition is, at a minimum, preserved as required under the prior merger standards,” said BNSF Executive Vice President and Chief Legal Officer Jill Mulligan.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UNP:
