STB

When the merger agreement was initially announced, the rail carriers said it would create the nation’s first transcontinental railroad—which will connect more than 50,000 route miles across 43 states from the East Coast to the West Coast and connect around 100 ports as well.

With a merger application for the proposed $85 billion historic merger between Union Pacific and Norfolk Southern expected to be filed with the Surface Transportation Board (STB) this week, more than half of union employees at the railroads indicated they are not in favor of the merger. That is the word from the Brotherhood of Locomotive Engineers & Trainmen (BLET) and the Brotherhood of Maintenance of Way Employees, whom collectively account for 53% of UP and NS union employees, with the two unions...

While a December 1 date for the merger application to be sent to the Surface Transportation Board (STB), regarding the historic proposed $85 billion merger between Class I railroads Union Pacific (UP) and Norfolk Southern (NS), had been widely anticipated, UP CEO Jim Vena said at the UBS Global Industrials and Transportation Conference this week that the merger’s submission will be delayed for about two weeks.

With an expected December 1 date for the application regarding the historic $85 billion proposed merger between Class I railroad carriers Union Pacific and Norfolk Southern, there was no shortage of opinions regarding the deal at the RailTrends conference.

Late last week, a bipartisan Senate duo—John Hoeven (R-N.D.) and Amy Klobuchar (D-Minn.)—penned a letter to leadership at the Surface Transportation Board (STB), including STB Chairman Patrick Fuchs, Vice Chair Michelle Schultz and Member Karen Hedlund, in which they stated they plan to “closely scrutinize” the proposed Class I railroad merger between Union Pacific and Norfolk Southern, with a focus on being able to demonstrate long-term competition in the freight rail sector, with clear and tangible improvements.

In expressing their collective concern regarding the proposed Class I freight railroad carrier merger between Union Pacific and Norfolk Southern, a letter sent to President Trump from the American Chemistry Council (ACC), on behalf of 40 member-company chemical manufacturing CEOs, explained that should this deal come to fruition, it could have negative effects on United States manufacturing in various ways.

In this podcast, LM Group News Editor Jeff Berman interviews Association of American Railroads (AAR) President and CEO Ian Jefferies.

A letter sent this week by the Rail Customer Coalition (RCC), a concern comprised of trade associations representing the manufacturing, energy, and agricultural industries reliant on railroads, to the leadership at the Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, laid out various concerns and reservations that RCC has in regards to the proposed merger between Class I railroad carriers Union Pacific and...

Logistics Management Group News Editor Jeff Berman spoke with Chris Jahn, President & Chief Executive Officer, at the Washington, D.C.-based American Chemistry Council (ACC). Topics covered included: the proposed Union Pacific-Norfolk Southern merger; railroad service and pricing; and the regulatory environment, among others.

President Trump this week terminated Robert Primus from his position as Board Member of the Washington, D.C.-based Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, according to a Wall Street Journal report.

A Bloomberg report, citing people familiar with the matter, noted an agreement could be reached as soon as this week, adding, if the deal came to fruition, it would represent the largest railroad deal on record.

While the Washington, D.C.-based Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, announced the adoption of final reciprocal switching rules, a decision made earlier this month by the United States Court of Appeals for the Second Circuit subsequently vacated the rule.

A decision issued late last week by the Washington, D.C.-based Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, removed its Final Offer Rate Review (FORR) rule.

The Washington, D.C.-based Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, said late last week that it decided the end its litigation on its Final Offer Rate Review (FORR) rule.

President Donald Trump designated Patrick Fuchs as STB Chairman.