NS merger must be watched
The fate of the proposed merger under which Norfolk Southern Railroad would be acquired by Union Pacific Railroad, creating America’s first transcontinental rail freight carrier, is beginning to undergo scrutiny by the U.S. Surface Transportation Board under what is being touted as a tough new standard. Therefore, the review, now just beginning, will not only decide whether the proposed merger would be in customers’ best interests; it also will deliver a verdict on the correctness and effectiveness of the new standard itself. For communities like Altoona that have a stake in ...