Stifle competition and raise prices for consumers--you took the words right out of our mouths.
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Bribery will get you what your heart desires in this new pay to play economy of power and privilege.
UP made a "donation" to the golden ballroom.
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The Union Pacific-Norfolk Southern merger application omits $2.69 billion in additional costs that intermodal marketers will incur if the railroads’ deal diverts the promised 2 million loads off the highway, according to an analysis.
What else did they omit?
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The carriers are going to say what they think the Congress critters want to hear. Will there be sworn testimony or any mechanism of accountability if this merger goes through?
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This article has summaries of mostly corporate reactions to the UP-NS merger filing.
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IAM Dist 19 taking an opposition to the merger, and calling out the merger shenanigans.
Read their letter here-
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Investigations but no accountability. There are no consequences for these giant mergers that erode worker power, compromise the safety of the industry by cutting costs and hurt the working class.
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"BNSF wants the STB to investigate “UP’s harmful conduct since the UP-SP merger; enforce the rights granted to BNSF to preserve competition; and modify the conditions of the UP-SP merger approval decision"
Then what--a slap on the wrist?
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Alrighty, mark your calendars: they plan to file merger paperwork on 12/16.
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