(NAFB) A proposed merger could mean a big change for the U.S. railroad industry. Union Pacific is working to acquire Norfolk Southern, which would create the nation’s first transcontinental railroad. The purchase agreement is awaiting approval from the Surface Transportation Board. Mike Steenhoek executive director of the Soy Transportation Coalition, said there’s been positive and negative reactions from shippers.
The merger will mean fewer “handoffs” between railroad companies.
However, there’s a lot to not like about the potential merger.
Again, that’s Mike Steenhoek with the Soy Transportation Coalition.
