Union Pacific and Norfolk Southern have announced a merger, creating the first coast-to-coast railroad company. Past railroad mergers have failed to deliver promised efficiencies, and this one is no different.
Surface Transportation Board
Posted inThe Monopolized Economy
After the East Palestine, Ohio, Train Disaster, Why Approve More Rail Monopolies?
The accident highlights railroad consolidation just as a little-known agency considers a mammoth $31 billion merger.
