Union Pacific Corporation and Union Pacific Railroad Company-Control-Norfolk; Southern Corporation and Norfolk Southern Railway Company

ell cars that are used for intermodal traffic. (BNSF Comments 5, May 8, 2026.) TTX is owned by seven railroads: UP (37.03%), NS (19.78%), CSXT, (19.78%), BNSF (17.4%), CN (3.2%), CPKC (2.2%), and Ferromex (0.6%). (Rev. Appl. 1- 87.) --------------------------------------------------------------------------- \15\ See TTX Co.--Appl. for Approval of Pooling of Car Servs. with Respect to Flatcars, FD 27590 (Sub-No. 4), at 2 (STB served Oct. 1, 2014) (renewing approval of flatcar pool); Am. Rail Box Car Co. & Trailer Train Co.--Pooling, 347 I.C.C. 862 (1974) (approving boxcar pool); Railgon Co. & Trailer Train Co.--Pooling of Car Serv. Regarding Gondola Cars, FD 29121 (ICC served Mar. 17, 1980) (approving gondola pool). --------------------------------------------------------------------------- Although the combined shares of UP and NS in TTX exceed 50%, Applicants state that they are not required to file a control application for TTX because it is a noncarrier. (Id. at 1-89.) They also say that the TTX-pooling agreements, which are subject to Board approval, would prevent them from using a controlling interest in an anticompetitive way. (Id. at 1-88 to 1-89.) To avoid ``distraction,'' however, they say that they will commit to divesting shares to reduce their combined ownership interest to no greater than 49% ``at such time as they are able to do so on commercially reasonable terms