Norfolk Southern and Union Pacific have agreed to a merger. The deal is set to create America’s first transcontinental railroad, linking nearly 100 ports from coast to coast.
Soy Transportation Coalition’s Mike Steenhoek joined RFD-TV’s Tammi Arender to discuss what we currently know about the merger, what this means for agriculture as a whole, and what he is hearing in regards to industry consolidation concerns.
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The investigation does not prove wrongdoing, but it raises federal scrutiny of a major cost center for crop producers.
The state-level focus is split between labeling and sales restrictions.
For decades, U.S. agriculture has planned around feeding a growing world. Experts say that trend could reverse course in the next 30 years.
The reports cover biodiesel, diesel, gasoline grades, ethanol, aviation fuel, kerosene, and specialty fuels.