WASHINGTON, July 16 -- Sen. Tammy Baldwin issued the following press release:
U.S. Senator Tammy Baldwin (D-WI) is urging the Surface Transportation Board (STB) to take Union Pacific's threat of retaliation against shippers who do not support its merger with Norfolk Southern seriously. Baldwin's call comes as Union Pacific CEO Jim Vena and company representatives have reportedly made numerous comments alleging retaliation against shippers who oppose the merger, including threats of predatory rate increases during contract renewals, unfair demurrage fines, drop-offs in service, or weaponized embargoes. Baldwin has been an outspoken critic of the mega-rail merger, citing the reduction of competition, worsening already poor service, and highe...