American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson has issued a statement in response to the Surface Transportation Board’s (STB) decision to require supplemental information for the latest Class 1 freight rail merger application, to be considered during its formal review.
“Given the sheer size and potential impacts of this proposed merger, there is no margin to get this wrong and as such, we appreciate the Board's request for additional information. It's imperative that STB has a full set of facts and applies the upmost scrutiny in its evaluation."
“In the interests of American shippers and consumers, the Board must ensure any proposed merger enhances competition and leads to a more efficient and reliable rail network. Anything less would jeopardise the ability of US refiners and petrochemical manufacturers to continue producing the affordable fuels and products Americans depend on every day.” — Chet Thompson, AFPM President and CEO.