Press Releases May 4, 2026 02:00 PM

Revised Filing Does Not Address Competitive Balance Issues Created By UP-NS Merger

CSX Launches Public Resource to Support Stakeholder Engagement on UP-NS Merger Review

By Derek Hwang CSX
Revised Filing Does Not Address Competitive Balance Issues Created By UP-NS Merger
CSX

CSX Corporation has launched a public website to aid shippers, communities, and other stakeholders in engaging with the Surface Transportation Board's review of the proposed Union Pacific and Norfolk Southern merger. CSX highlights concerns about the merger creating an industry imbalance that could reduce competitive rail options. The company emphasizes the importance of maintaining competitive balance in the U.S. Class I freight rail sector.

Key Points

  • CSX provides a platform to facilitate public participation in the regulatory review of the UP-NS merger.
  • The proposed merger could result in a dominant transcontinental carrier, reducing competitive choices for rail shippers.
  • CSX underscores the current balanced industry structure with six major rail carriers promoting competition and routing options.
  • Impacted sectors include freight transportation, industrial supply chains, agricultural logistics, and regional commerce.

JACKSONVILLE, Fla., May 04, 2026 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today launched a public resource at www.csxstayingontrack.com to support shippers, communities, and other stakeholders interested in engaging with the Surface Transportation Board’s review of the refiled merger application between Union Pacific (UP) and Norfolk Southern (NS). The site provides information on the STB review process, links to the public docket, guidance on filing comments on the record with the STB, and options for providing feedback to the Department of Justice (DOJ) on a confidential basis.

Today’s U.S. Class I freight rail system is competitively balanced, consisting of six carriers: two western railroads, two eastern railroads, and two Canadian carriers providing north-south service. This industry structure has supported routing options and competitive choices for rail shippers. The proposed combination would create a single transcontinental carrier alongside four regional carriers, resulting in an industry imbalance that would reduce viable options for shippers. These are among the matters the STB will consider to determine whether the proposed transaction is in the public interest and enhances competition. 

“Our customers depend on a competitive and healthy freight rail system. Customers and the communities we serve have a stake in this review, and we are here to help them be heard,” said Steve Angel, Chief Executive Officer of CSX.

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook and follow us on X, formerly known as Twitter.

Contact:

Matthew Korn, CFA, Investor Relations
904-366-4515

Austin Staton, Corporate Communications
855-955-6397


Risks

  • The merger could diminish competitive balance in the freight rail industry, potentially harming shippers and communities relying on varied routing options.
  • Regulatory uncertainties persist as the Surface Transportation Board evaluates the public interest and competition effects of the merger.
  • Industry consolidation may lead to increased prices or reduced service levels, impacting sectors dependent on rail logistics.

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