CLAVE 1 / 4BNSF Railway seeks 824 miles of trackage rights over Norfolk Southern between Chicago and Pennsylvania.
CLAVE 2 / 4Union Pacific would owe Norfolk Southern a $2.5 billion breakup fee if the merger collapses due to regulatory concessions.
CLAVE 3 / 4Jim Vena calls rivals' demands "against the fundamental principle of how business should work."
CLAVE 4 / 4A combined UP-Norfolk Southern system would control nearly 50% of U.S. rail traffic, sparking antitrust concerns.
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