Washington, D.C.— As the proposal to merge Union Pacific and Norfolk Southern was formally filed to the Surface Transportation Board (STB), Power The Future (PTF) today urged the rejection of a rail monopoly that would stretch from coast to coast.
"With Union Pacific and Norfolk Southern now officially submitting their merger proposal to the STB, the stakes for America's energy sector could not be higher," said Daniel Turner, Founder and Executive Director of Power The Future. "A combined Union Pacific and Norfolk Southern would control nearly half of U.S. freight traffic—giving one railroad huge power over the movement of coal, oil, natural gas liquids, and other vital energy products. History shows us that mergers like this have led to increased rates, reduced service quality, and major disruptions. As the Board reviews this filing, we urge regulators to reject a deal that would weaken supply chains, raise costs, and undermine President Trump's push for American energy dominance."
In October, in a letter to the Surface Transportation Board, PTF warned that the consolidation would harm competition, raise costs for American energy producers, and undermine the goal of American Energy Dominance. The letter is available here.
Power The Future is a 501c4 non-profit dedicated to fighting for American energy workers.
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