We often take freight moving across America for granted. Yet, without dedicated infrastructure along specific corridors — tracks, bridges, and causeways — handled by individual carriers under specific rules, we could not get the goods we need daily. When that system works well, consumers rarely notice. When it breaks down or operates below potential, the costs appear everywhere: in higher prices, longer lead times, and strained supply chains that cannot meet unexpected demand.
This is the context for evaluating the proposed Union Pacific and Norfolk Southern merger — not as a Wall Street transaction or referendum on consolidation, but as a question of whether the freight network truly serves the national interest. The Surface Transportation Board received a revised merger application from Union Pacific and Norfolk Southern on April 30 after finding the original December 2025 filing incomplete. The Board is expected to rule on completeness by the end of May. That process appears to be moving carefully, as it should for a transaction of this scale. The policy conversation should not wait for the lawyers.
