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This was a result of reduced revenues and higher expenses related to serious congestion on portions of the merged Union Pacific-Southern Pacific Railroad.
THEY OBJECT: The Agriculture, Justice and Transportation departments objected to the proposed Union Pacific-Southern Pacific railroad merger on grounds it would reduce competition and raise prices.
14, 1998--The Burlington Northern and Santa Fe Railway Company (BNSF) (NYSE:BNI) began direct service between Little Rock and Pine Bluff utilizing trackage rights gained following approval of the Union Pacific-Southern Pacific merger.
LeVan President and Chief Executive Officer (Conrail) ---------- BACKGROUND ON UNION PACIFIC-SOUTHERN PACIFIC MERGER AND CONRAIL'S OFFER FOR SOUTHERN PACIFIC EASTERN LINE The Proposed Union Pacific/Southern Pacific Merger: On August 3, 1996, the Union Pacific (UP) and Southern Pacific (SP) proposed to merge their two systems, creating what would be the largest rail system in the U.
The Railroad Commission's unanimous vote supported an independent economic report by the University of North Texas, which concludes that the Union Pacific-Southern Pacific merger as proposed would have a detrimental effect on the State.