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Dem Lawmakers Express Cautious Support for Union Pacific–Norfolk Southern Merger
Democratic lawmakers highlight the need for oversight to ensure safety, worker protections, and competition amid a federal review expected to last over a year.
- Bennie Thompson, Troy Carter and Cleo Fields submitted a letter to the Surface Transportation Board urging careful review with conditions to protect safety, workers, competition and communities, noting benefits if implemented properly.
- Last month, attorneys general from Nebraska, Georgia and West Virginia urged regulators to approve the merger, while nine Republican attorneys general warned it could reduce competition and raise prices.
- Union Pacific plans to file its full application with the Surface Transportation Board soon, shareholders of both companies have approved the transaction, and the companies pledged safety and community investments.
- They urged the Surface Transportation Board to weigh economic and community impacts and to demand transparency, stressing scrutiny to prevent disruptions and protect workers, but stopped short of calling for a block.
- The Surface Transportation Board will decide whether the merger meets federal standards and preserves competition, with a review lasting at least one year and considering freight rail's economic role and fuel efficiency compared with trucking.
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InsideNoVA.com+22 Reposted by 22 other sources
Dem lawmakers express cautious support for Union Pacific–Norfolk Southern merger
(The Center Square) – Three Democratic members of Congress are urging federal regulators to give careful consideration to the proposed merger between Union Pacific and Norfolk Southern, saying the deal could deliver benefits for shippers, consumers and communities if implemented…
Coverage Details
Total News Sources24
Leaning Left3Leaning Right4Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 25%
C 42%
R 33%
Factuality
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