CPKC

Union Pacific secured Canadian National's support for its $85 billion plan to acquire Norfolk Southern railroad, a deal that would create the first transcontinental railroad and consolidate market power. The merger faces opposition from BNSF, CPKC, and CSX but includes concessions like CN gaining access to key tracks and rail yards to mitigate competition concerns. The U.S. Surface Transportation Board is beginning its review under strict 2001 merger standards.

Union Pacific has secured Canadian National's support for its $85 billion acquisition of Norfolk Southern railroad, a deal that would create the first transcontinental railroad in the U.S. The merger faces opposition from BNSF, CPKC, and CSX, but Canadian National will back it after receiving concessions, including access to key tracks and rail yards. The U.S. Surface Transportation Board is reviewing the merger under strict standards, with concerns about market concentration and competition.

The National Transportation Safety Board (NTSB) concluded that a 2024 North Dakota derailment, caused by a collapsed culvert, highlighted the risks of flawed DOT-111 tank cars, which ruptured and spilled flammable methanol and anhydrous ammonia. The NTSB reiterated its longstanding call to replace these tank cars, citing past disasters like the 2023 East Palestine and 2013 Lac-Mégantic derailments, and noted that Congress mandated phasing out DOT-111 cars for flammable liquids by 2029.