Trump Could Restore America's Golden Age With Iconic Railroad Merger

Trump Could Restore America's Golden Age With Iconic Railroad Merger

Union Pacific and Norfolk Southern have announced plans to merge, linking the two coasts and, along with it, America’s ports and supply chain.

The Trump Administration Should Tap the Brakes on the Union Pacific-Norfolk Southern Merger

Railroad mergers haven’t happened in a while, and that’s a good thing. During the Reagan era, the country witnessed a rapid consolidation of its railroad industry. In the two decades following the 1980 Staggers Rail Act, the number of Class 1 freight railroads in the country fell from 39 to seven. The new millennium saw an industry dominated by four major railways that collectively controlled around 90 percent of the total domestic rail operatin…