(NAFB) Railroads play a critical role in moving U.S. soybeans from farms to domestic and international buyers. But as the rail industry continues to consolidate, farmers and grain shippers are closely watching a proposed merger between Union Pacific and Norfolk Southern. Mike Steenhoek, executive director of the Soy Transportation Coalition, explains what’s at stake.
Steenhoek says the rail industry has changed significantly over time.
That trend toward consolidation is at the heart of a proposed merger.
Supporters say a combined railroad could create a more seamless transportation network.
But others worry the merger could leave customers with fewer transportation choices and less leverage in the marketplace.
The merger proposal is now before the U.S. Surface Transportation Board for review. Mike Steenhoek says the process is expected to take at least a year, with a decision likely not coming until the summer or fall of 2027.
Audio provided by NAFB News Service
Audio with Mike Steenhoek, Executive Director, Soy Transportation Coalition
