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Union Pacific Kicks Off Regulatory Review for $85 Billion ...

  • On Dec. 19, 2025 from Fort Worth, BNSF President & CEO Katie Farmer said BNSF is reviewing the STB filing and remains opposed to the proposed merger, with further comment coming soon.
  • After Union Pacific filed an application with the Surface Transportation Board to review the merger plan, Canadian Pacific Kansas City warned it would `radically` change America's rail network and pose `extraordinary` risks.
  • BNSF argued the deal would reduce competition and raise costs, saying it poses long-term harms that leave shippers with fewer options and citing past mergers’ service failures.
  • Industry groups warned the merged carrier could handle some 40 per cent of American freight and would stitch together more than 80,000 kilometres of track across 43 states, potentially triggering further rail consolidation.
  • With strengthened STB rules, BNSF Railway says partnerships and collaboration deliver streamlined service more effectively, and it contends Union Pacific has not met the new public-interest requirements.
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31 Articles

The Globe & MailThe Globe & Mail
+7 Reposted by 7 other sources
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CPKC says proposed U.S. rail merger would undermine competition, hurt stakeholders

Warning follows Union Pacific’s application to have its proposed Norfolk Southern merger reviewed by U.S. transport regulator

·Canada
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WDEL 101.7FMWDEL 101.7FM
+7 Reposted by 7 other sources
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CPKC statement on UP-NS merger application filing

CALGARY, AB, Dec. 19, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today released the following statement regarding the merger application filed by Union Pacific (UP) and Norfolk Southern (NS) with the Surface Transportation Board (STB)…

·Wilmington, United States
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Rutland HeraldRutland Herald
+2 Reposted by 2 other sources
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BNSF CEO Katie Farmer Statement on UP Merger Application Filing

FORT WORTH, Texas--(BUSINESS WIRE)--Dec 19, 2025-

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Reuters broke the news in United Kingdom on Friday, December 19, 2025.
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