House Backs Rail Merger Rules, $4.49M Cargo Theft Scheme, & FedEx-China Southern Deal | The Morning Minute
In this episode, we kick things off on the rails, where a powerful House committee is backing strict scrutiny for the proposed Union Pacific-Southern Pacific merger. The bipartisan House Appropriations Committee added language to the fiscal 2027 Transportation, Housing and Urban Development Appropriations bill during markup on June 2nd, urging the Surface Transportation Board to conduct a rigorous review of the $72 billion deal that would create the first all-freight transcontinental railroad. The committee specifically endorsed the STB's revised 2001 merger rules, which require applicants to…
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