CSX launches resource site opposing Union Pacific-Norfolk Southern merger

CSX Corp. (NASDAQ: CSX) launched a website to help stakeholders participate in the Surface Transportation Board's review of the refiled merger application between Union Pacific and Norfolk Southern. The site provides information on the STB review process and guidance for filing comments with regulators.

The Jacksonville-based railroad company stated that the proposed merger would disrupt the current competitive balance of the U.S. Class I freight rail system. The existing structure includes six carriers: two western railroads, two eastern railroads, and two Canadian carriers providing north-south service.

CSX argued that the proposed combination would create a single transcontinental carrier alongside four regional carriers, which the company claims would reduce options for rail shippers. The STB will evaluate whether the transaction serves the public interest and enhances competition.

"Our customers depend on a competitive and healthy freight rail system. Customers and the communities we serve have a stake in this review, and we are here to help them be heard," said Steve Angel, Chief Executive Officer of CSX.

The website offers links to the public docket and options for providing feedback to the Department of Justice on a confidential basis. CSX operates a rail network connecting major metropolitan areas in the eastern United States and links with more than 240 short-line railroads and over 70 ports.

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