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Union Pacific dealmakers, merger critics spar over forecasts

By Ilana Kowarski ( August 22, 2025, 22:40 GMT | Comment) -- Union Pacific and Norfolk Southern argue their proposed merger will increase the speed of cross-country freight rail shipping, partly by minimizing the need for transfers from one railroad to another, and they claim their transaction will attract freight to railroads that is currently being transported by trucks, barges and pipelines. The merger would also consolidate the number of Class I railroads in the US from six to five — a fact that has elicited bipartisan concern from US policymakers, alongside opposition from major rail shippers and labor unions.The Union Pacific and Norfolk Southern railroads argue their proposed merger will increase the speed of cross-country freight rail shipping, partly by minimizing the need for transfers from one railroad to another. The dealmakers also claim their transaction will attract freight to railroads that is currently being transported by trucks, barges and pipelines....

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