Union Pacific blasts rival railroads’ trackage rights requests
Union Pacific CEO Jim Vena is critical of rival railroads’ plans to request trackage rights over a combined UP-Norfolk Southern system. “The idea to give up tracks of your railroad for no reason at all just goes against the fundamental principle of how … business should work,” Vena told an investor conference. Last week BNSF […] The post Union Pacific blasts rival railroads’ trackage rights…
Union Pacific (UNP) CEO Jim Vena criticized rival railroads' requests for trackage rights over a combined UNP-Norfolk Southern system. Vena argued that granting such rights would be counterproductive and more expensive for the requesting railroads. Last week, BNSF Railway, Canadian Pacific Railway (CP), and CSX, along with 11 short lines, filed requests for trackage rights and access to UP-NS customers if the merger with NSC (Norfolk Southern) is approved.
BNSF proposed 824 miles of trackage rights over NS between Chicago and Harrisburg and Bethlehem, Pennsylvania, as well as a neutral switching carrier to serve Gulf Coast customer facilities. Vena stated that the trackage rights request is unjustifiable, as UP would likely increase prices to offset the costs of allowing others to use its tracks.
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