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
Date Written: October 1997
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: Suggested Citation