Union Pacific CEO's March speech to shippers 'no laughing matter,' Sen. Baldwin says
( November 6, 2026, 15:00 GMT | Official Statement) -- MLex Summary: Democratic US Senator Tammy Baldwin of Wisconsin urged the US Surface Transportation Board to deny Union Pacific Railroad's application to buy its competitor Norfolk Southern Railway after the publication of a recorded speech that Union Pacific CEO Jim Vena delivered in March 2026 before an audience of shippers. Baldwin characterized Vena as "openly talking about retaliating against shippers who are rightfully concerned that more consolidation in Class I rail will lead to worse service and higher costs for businesses, farmers, and families," and she said that Vena's comments are "no laughing matter" to her constituents.Statement follows below:...
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