Union Pacific-Norfolk Southern Merger: Concerns Highlighted by Former Rep. Mike Conaway

Former Representative Mike Conaway of Texas voiced strong opposition to the proposed merger between Union Pacific and Norfolk Southern, arguing it would solidify market dominance for Class I freight railroads and threaten competition.

In a statement, Conaway emphasized that while mergers are often touted as cost-saving measures, this specific deal could stifle innovation in transportation logistics. He pointed out that such consolidation might reduce service reliability for industries relying on railways, including agriculture.

Conaway noted the importance of open market competition in freight services and called for regulatory bodies to adhere strictly to antitrust standards before approving any major industry changes involving transport carriers like Union Pacific or Norfolk Southern.