Rail Regulator Denies Request to Dismiss Mega Merger Application
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The Surface Transportation Board on Friday denied requests by opponents of the proposed merger of Union Pacific Corp . and Norfolk Southern Corp . to create the nation's first coast-to-coast freight network. Shipper groups and rival railroads had urged the independent agency to reject the merger application without a full review of its merits. "The Board will deny the motions for summary denial filed by Joint Associations, CSXT, and BNSF. Although the motions and comments raise important questions and issues, the Board will exercise its discretion to allow the proceeding assessing the Revised Application to proceed," the board said ... Providing news, analysis, data and opportunity insights. Log in to keep reading or access research tools and resources.
