Washington, D.C. - Power The Future (PTF) today announced its opposition to the proposed $85 billion merger between Union Pacific and Norfolk Southern railroads. In a letter to the Surface Transportation Board, PTF warned that the consolidation would hurt competition, raise costs for American energy producers, and undermine the goal of American Energy Dominance.
"More competition means lower prices—period. Every American understands when a few big players control the market, consumers are stuck paying the price," said Daniel Turner, Founder and Executive Director for Power The Future. "At a time when families are working to recover from years of record energy costs, we can't afford a merger that could drive up prices and weaken the supply chain. Coal, oil, and natural gas all utilize rail transportation to power our nation and limiting options for producers isn't the answer."
In the letter, which can be found here, PTF urges the Surface Transportation Board to reject the proposed merger noting that if it were successful, the new company would control nearly half of American rail traffic.
Power The Future is a 501c4 non-profit dedicated to fighting for American energy workers.
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