Officials reject railroad merger application, but do-over expected

UP-NS merger: Mark it “return to sender.” STB rejects merger application. | Brotherhood of Locomotive Engineers and Trainmen

In a unanimous decision announced on January 16, the Surface Transportation Board rejected the merger application filed by Union Pacific and Norfolk Southern as “incomplete.” The STB said the merger application does not contain certain information required by the Board’s regulations. Among the missing information was a failure to provide “projected market shares” regarding future revenues and traffic volumes. Also, the railroads incorrectly iden…

Officials reject railroad merger application, but do-over expected

A federal rejection of a merger application by Union Pacific and Norfolk Southern railroads will slow the companies’ efforts to combine, but hardly spells the end of an acquisition expected