Union Pacific has announced plans to merge with Norfolk Southern, creating the first transcontinental railroad in the United States.
Both systems are major transporters of U.S. ag goods. The two announced they will combine forces, creating a system worth $250 billion. Mike Steenhoek with the Soy Transportation Coalition says there could be some concern around consolidation, but he adds that rail lines are crucial to the success of farmers and U.S. agriculture as a whole.
An investor call was announced this morning for stakeholders.
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Labor Secretary Lori Chavez-DeRemer says the labor program will now be fully under her department, and consolidation will make the program more affordable and efficient for farmers and ranchers.
“We’re living in a moment of massive change—in agriculture, in media, and in leadership . . .”
