Panelists at our recent Railroad Roundtable projected weak demand for 2026. Tightening truckload capacity is encouraging but not impacting rates enough yet to gain confidence in rail pricing cycle. The Union Pacific/Norfolk
WATCHING WASHINGTON, RAILWAY AGE JANUARY 2026 ISSUE: It’s called “unitary executive theory.” It asserts the Constitution’s Article II provides for one executive, the President, and others may not wield substantial executive power
He’s only 34 and has boundless energy to prove it. He was a member of the State Assembly from Queens who came out of nowhere to become New York City’s 112th mayor.
The Surface Transportation Board (STB) announced Jan. 7 a Notice of Proposed Rule Making (NPRM)—Eliminating Regulatory Barriers to Competition: Review of Part 1144, Docket Ex Parte No. 788—which, if finalized following public
Dear Customers: As I shared, Union Pacific (UP) and Norfolk Southern (NS) filed their merger application with the Surface Transportation Board (STB) on Friday, Dec. 19, 2025, as we headed into the holiday.
Part 3 in a Series: Lead Yourself First, RAILWAY AGE JANUARY 2026 ISSUE: In Part 1 of this series, I shared how rail leaders who are positive deviants in the industry navigate
We hosted a former Class I CEO to review the recent Union Pacific-Norfolk Southern merger application. He sees a very strong filing with acceptance likely though not until 2027. The CGP (Committed
Union Pacific and Norfolk Southern’s growth-oriented merger argument remains sound, but the bid-ask spread on competitive concessions remains unknown until the rails respond. Downstream, we view today’s filing as constructive for domestic
When Congress passed the Bipartisan Infrastructure Bill, Americans were promised modernization of the country’s transportation network. Roads, bridges, ports, and supply chains were all supposed to emerge faster, stronger, and more competitive. Several years
’Twas one week before Christmas, and all through the land, rail stakeholders were stirring, as Union Pacific and Norfolk Southern dealt their merger hand.
