TD Cowen: Takeaways From the Next-Gen Freight Rail Conference
CHICAGO ––RAILWAY AGE NEXT-GEN FREIGHT RAIL CONFERENCE, MARCH 10, 2026: Union Pacific sees end-to-end scale and past merger lessons supporting its consolidation case with Norfolk Southern, but peers flag competition loss and gateway risk. Union Pacific noted that it is talking to several Class I carriers behind the scenes, potentially paving the way for some concessions. The Surface Transportation Board is streamlining environmental permitting and is committed to overhauling switching rules.
