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Stock impact report

Rail merger could raise prices, hurt US ability to compete, say GOP legislators [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Norfolk Southern threatens to raise the cost of products on everything from steel and autos to food, and hinder the ability of U.S. companies to compete on the world market. While stating that they were committed to economic opportunity, free enterprise, and fair competition, “[T]his merger raises serious questions about its long-term impact on competition, service reliability, and the cost of doing business in America,” said legislators in the letter addressed to Surface Transportation Board Chairman Patrick Fuchs, Vice Chair Michelle Schultz and member Karen Hedlund. “If approved, the combined UP-NS system would control nearly 45% of all U.S. rail tonnage and hold dominant market share in critical commodity sectors. These commodities directly affect the cost of consumer goods, housing, energy, and food – core expenses for American families and small businesses. “Reduced competition in these areas will inevitably lead to higher prices and fewer choices. This merger could negative Show less Read more
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