Sen. Chuck Schumer spoke out Sunday against the massive merger of Union Pacific and Norfolk Southern that could be headed for approval from President Trump’s administration.
The New York Democrat has railed against the freight railroad merger since it was first announced in late July, warning it could hurt competition and drive up prices.
“President Trump has been conducting an unprecedented reshaping of the federal government that aims to give preferred corporations and industries remarkable powers and advantage, and now this fact pattern applies to the freight rail industry,” Schumer said Sunday.
Despite opposition from Schumer and other groups , the proposed $85 billion merger of two of America’s four major freight rail companies appears to be on track.
Union Pacific and Norfo

New York Daily News Politics

Raw Story
Reuters US Domestic
The Baltimore Sun
CBS News