Shippers urge regulators to block Union Pacific-Norfolk Southern deal: FT
1. Shippers demand regulators block Union Pacific-Norfolk Southern merger due to price concerns. 2. The proposed merger aims to create the first U.S. coast-to-coast freight rail operator. 3. Opposition from unions highlights fears of job losses and service disruptions. 4. Senate Democratic leader criticizes the merger as a move toward monopoly power. 5. Combined value estimated at $250 billion with annualized synergies of $2.75 billion.