BNSF Railway CEO Katie Farmer Praises Union Pacific's Commitment to Keeping Intermodal Lanes Open After Proposed UP-NS Merger

BNSF Railway CEO Katie Farmer expressed relief at Union Pacific's commitment to keep all current intermodal lanes open if their merger with Norfolk Southern is approved. Farmer noted that in previous rail industry mergers, the new merged railroad often raised rates on competing interchange partners, making those lanes economically uncompetitive. Union Pacific had previously argued against the merger of Canadian Pacific and Kansas City Southern, citing concerns about the reduction of competitive options at gateways.