Proposed railroad merger could decrease service for ag shippers

From Farm Policy News

“If approved, the deal would be the largest ever buyout in the sector and combine Union Pacific’s stronghold in the western two-thirds of the United States with Norfolk’s 19,500-mile network that primarily spans 22 eastern states. The two railroads are expected to have a combined enterprise value of $250 billion and would unlock about $2.75 billion in annualized synergies, the companies said.” Read the article here.