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Union Pacific, Norfolk Southern submit customer-protection addendum to STB for merger review

The Wall Street Journal +2 ·

NSC Norfolk Southern Corp
$316.31 +0.03%
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  1. 1Union Pacific (UNP) and Norfolk Southern (NSC) have submitted supplementary filings to the STB containing customer protection measures for the first transcontinental U.S. railroad merger
  2. 2The package includes an expanded committed gateway rate scheme, retention of the 3-to-2 / 2-to-1 Class I carrier option for shippers, temporary alternative transport in the event of service degradation, and a rate relief process if benefits are delayed
  3. 3The measures go beyond those required in previous rail mergers, addressing concerns over loss of competition and post-merger service disruptions, with a targeted deal closing in mid-2027 if approved

Source The Wall Street Journal +2 · View original ↗

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