The largest railway federation in the United States supports Union Pacific, Norfolk South Merger

Written by Sabrina Valley

(Reuters) -The largest railway federation in the United States said on Monday that it will support the acquisition of $ 85 billion on the southern Norfolk, helping to strengthen the deal that surprised the competitors and is expected to face resistance from employment and organizers.

Support is a shift from the primary opposition by Smart-TD, the Transportation Department of the International Association of Minerals, Minerals, Railways and Transport. When the merger was announced in July, the Union said it would oppose the deal regarding concerns about job security, competition and access to infrastructure.

Smart-Td said its members who work on a train and GyardMaster Services will get functional protection for their career’s length after treatment.

“For generations, the railway was concerned about what integrations might mean for their jobs. Today, we can say with confidence that the largest railway lines and the largest railway federation in America,” Jeremy Ferguson, President of Smart-Td said in a press statement.

SMART represents nearly 230,000 workers through transportation, construction and manufacturing.

President Donald Trump He also expressed his support for integration when he met with the CEO of Union Pacific Jim Vena at the Oval Office earlier this month, indicating organizational openness to a deal by his administration. Such integration is likely to face a tougher scrutiny during President Biden’s era, whose administration has raised concerns to combat monopoly on monotheism in the railway industry.

“We need a better infrastructure, and the railway is a large part of it,” Trump said.

The integration, if approved in what is likely to be a lengthy organizational review, will create the first railway network from the coast to the coast in the United States and it will be the largest acquisition of railways in the history of the United States.

It also puts pressure on competitors, especially the CSX Corp, which was arrested outside the guard and was a weak performance – and now finds himself in a weak position to compete against a giant. Union Pacific -Norfolk Southern Network jointly can provide Shufayen for access and prices widely across the major local corridors.

CSX and BNSF executives, the other main American shipping operators, did not expect the deal to gain traction so quickly, according to the people familiar with the matter. Companies did not immediately respond to suspension requests.

Integration can lead to a strategic reassessment from Warren BuffettPerkshire Hathaway, who has a Western charging carrier BNSF, according to sources familiar with the matter. Pavit has publicly stated that he is not interested in obtaining another railway line, preferably operating partnerships over monotheism.