financetom
Business
financetom
/
Business
/
Top Senate Democrat criticizes Union Pacific deal to buy Norfolk Southern
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top Senate Democrat criticizes Union Pacific deal to buy Norfolk Southern
Jul 31, 2025 9:35 AM

WASHINGTON (Reuters) -Senate Democratic Leader Chuck Schumer criticized Union Pacific's plan to acquire Norfolk Southern in a $85 billion deal to create the first U.S. coast-to-coast freight rail operator.

Schumer said Thursday the deal would push "us even further down the road of dangerous consolidation and monopoly power... This is a hostile takeover of America's infrastructure."

He added "decades of railroad mergers have led to worse service, worse safety, worse working conditions, higher costs for shippers - which ultimately means higher prices for consumers."    

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MDA Issuing Statement In Response To Share Price Fluctuations; Shares Fell Near 16% Today
MDA Issuing Statement In Response To Share Price Fluctuations; Shares Fell Near 16% Today
Oct 30, 2025
04:44 PM EDT, 10/30/2025 (MT Newswires) -- MDA Space ( MDALF ) , a mission partner to the rapidly expanding global space industry, after trade Thursday issued a statement in response to share price fluctuations, after its stock dropped near 16% today. MDA Space ( MDALF ) is monitoring fluctuations in our share price that appear to be the result...
United Therapeutics Insider Sold Shares Worth $4,953,760, According to a Recent SEC Filing
United Therapeutics Insider Sold Shares Worth $4,953,760, According to a Recent SEC Filing
Oct 30, 2025
04:43 PM EDT, 10/30/2025 (MT Newswires) -- Paul A Mahon, Executive Vice President & General Counsel, on October 30, 2025, sold 11,000 shares in United Therapeutics ( UTHR ) for $4,953,760. Following the Form 4 filing with the SEC, Mahon has control over a total of 36,781 common shares of the company, with 36,781 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1082554/000123158925000009/xslF345X05/primarydocument.xml...
Truckload carrier Werner posts Q3 loss per share, misses estimates on challenging freight environment
Truckload carrier Werner posts Q3 loss per share, misses estimates on challenging freight environment
Oct 30, 2025
Overview * Werner Enterprises ( WERN ) Q3 revenue rises 3% to $771.5 mln, beating analyst expectations * Adjusted loss per share for Q3 misses EPS analyst expectations, reflecting challenging freight environment * Company recorded $18 mln settlement for a class action lawsuit, impacting Q3 results Outlook * Company expects TTS truck count to decrease by 2% to remain flat...
Medical devices maker Stryker's Q3 sales beat estimates on orthopaedics strength
Medical devices maker Stryker's Q3 sales beat estimates on orthopaedics strength
Oct 30, 2025
Overview * Stryker Q3 net sales rise 10.3% to $6.1 bln, beating analyst expectations * Adjusted EPS for Q3 increases 11.1% to $3.19, exceeding analyst estimates * Company raises full-year guidance, citing strong sales momentum and margin expansion Outlook * Stryker raises 2025 organic net sales growth guidance to 9.8%-10.2% * Company expects 2025 adjusted EPS between $13.50 and $13.60...
Copyright 2023-2026 - www.financetom.com All Rights Reserved