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Study Projects up to $5.8 Billion in Yearly Gains From Rail Merger
The study says shifting 2.1 million truckloads to rail could cut costs, emissions and premature deaths if regulators approve the deal.
- Economist William Michael Cunningham released a study this week estimating the Union Pacific-Norfolk Southern merger could yield $5.8 billion in annual economic, health, and environmental benefits.
- Union Pacific and Norfolk Southern announced the proposed $85 billion merger last year, seeking to create a network spanning over 50,000 route miles across 43 states.
- Cunningham projects $3.5 billion in annual shipping cost savings, $1.6 billion in health benefits from reduced diesel pollution, and $722 million in environmental gains, potentially preventing about 94 premature deaths yearly.
- While ethanol producer POET, Minnesota Soybean Processors, and SMART-TD support the deal, rival carriers BNSF and CSX urged The Surface Transportation Board to reject the application.
- National Farmers Union President Rob Larew and the American Farm Bureau Federation oppose the merger, citing pricing concerns as the board reviews whether projected benefits will be truly delivered.
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Study projects up to $5.8 billion in yearly gains from rail merger
(The Center Square) – The proposed Union Pacific-Norfolk Southern merger’s economic, health and environmental benefits could be worth as much as $5.8 billion annually, according to a new study.Economist William Michael Cunningham released the Creative Investment Research study this week.His…
Coverage Details
Total News Sources36
Leaning Left5Leaning Right11Center20Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
14%
C 56%
R 30%
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