Rail news.
SP and ATSF didn't bribe the Reagan administration sufficiently...
Looks like Union Pacific came up short and is getting the "shake down" from the big boy rn
https://www.wsj.com/business/deals/rail-regulator-sends-71-5-billion-union-pacific-norfolk-southern-deal-back-for-redo-aebae6b8?reflink=desktopwebshare_permalink
Trump47's FRA just killed the Norfolk Southern and Union Pacific merger. Dead.
(Oops, UP+NS 😬 maybe not!!???)
So much for "Make America 'Great' Again" —this will ultimately kill the biggest American railroad (UP) and nuke our domestic coal industry (as UP and NS separately will be forced to raise fees for shipping coal to cover rising costs due to Trumpflation).
(...all these specific companies and the industry broadly have been on Putin's bounty hitlist, if Trump can collect for killing it.)
IDK how to feel TBH was jazzed at the prospect of seeing mixed power for a while:
If the deal goes back on the table, it will because UP just gave Trump USD$billions in desperately needed cash flow. #economics-of-fascism















