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STB opens inquiry into shipper intimidation in UP-NS merger
The STB is requiring Union Pacific to disclose Jim Vena’s conference video and produce records about possible retaliation, while the railroad denies threats and regulators have yet to decide whether anyone was intimidated or the merger review should continue.
The STB is requiring Union Pacific to disclose Jim Vena’s conference video and produce records about possible retaliation. The railroad denies making threats, and regulators have not yet determined whether anyone was intimidated.
The inquiry comes as the regulator assesses the largest proposed US railroad combination in a generation. A customer’s silence is described as ambiguous: it may signal approval, indifference or a calculation.
Regulators also have yet to decide whether the merger review should continue.
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