Union Pacific/Norfolk Southern: DOJ Economist Leading Review is Skeptical of Transcontinental Rail Benefits, Sources Say

Union Pacific (UNP) is facing a fresh obstacle to its $71.5 billion effort to create the nation’s first transcontinental railroad by acquiring rival Norfolk Southern (NSC): the DOJ economist leading the antitrust division’s analysis of the deal has previously expressed skepticism of transcontinental tie-ups. DOJ Director of Economic Research Russell Pittman is heading the antitrust division’s […]