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Manifest Destiny? The Union Pacific-Southern Pacific Merger

New York University, Center for Law and Business, Working Paper No. 98-012

37 Pages Posted: 10 Jul 1999  

John E. Kwoka, Jr.

Northeastern University - Department of Economics

Lawrence J. White

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics

Date Written: October 1997

Abstract

The merger of the Union Pacific and Southern Pacific Railroads was proposed in August 1995 and received regulatory approval in July 1996. From its proposal onward, the merger has sparked considerable controversy. This paper reviews the background to the merger, the arguments that were set forth by the merger?s proponents and opponents, the eventual decision by the U.S. Surface Transportation Board, and the difficulties that have beset the merged firm since 1996.

JEL Classification: L92

Suggested Citation

Kwoka, Jr., John E. and White, Lawrence J., Manifest Destiny? The Union Pacific-Southern Pacific Merger (October 1997). New York University, Center for Law and Business, Working Paper No. 98-012. Available at SSRN: https://ssrn.com/abstract=164496 or http://dx.doi.org/10.2139/ssrn.164496

John E. Kwoka (Contact Author)

Northeastern University - Department of Economics ( email )

301 Lake Hall
Boston, MA 02115
(617) 373-2882 (Phone)
(617) 373-3640 (Fax)

Lawrence J. White

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics ( email )

44 West 4th Street
New York, NY NY 10012
United States

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