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The wall around the UP-NS merger keeps getting higher

Key takeaway. Seven Republican attorneys general have joined the growing coalition urging the STB to kill America's first proposed transcontinental railroad, citing a competition remedy that would cover less than 1% of rail traffic. The proposed multi-billion combination of Union Pacific (UP) and Norfolk Southern (NS), already the most scrutinized merger in American transportation history, faced its most politically inconvenient week yet. Seven Republican state attorneys general (AG) filed a letter on August 11 asking the Surface Transportation Board ...

The rise of $1.2bn HappyRobot - 'an uncomfortable mirror' for brokers

In case you missed it: HappyRobot's $150m Series C recently valued the freight AI startup at $1.2bn. But as CH Robinson's headcount drops and the industry races to automate, the real question is who controls the moat. Three Spanish founders, a failed computer vision tool, and a pivot that happened midway through their Y Combinator batch. That is the unlikely origin story of HappyRobot, the San Francisco-based company that last week became FreightTech's newest unicorn after raising $150 million ...

'Data center conundrum': what if the financing boom outruns physical reality?

Would you believe it: the regulator has confirmed that post-crisis investor protections never applied to a fast-growing securitization market financing the biggest driver of air cargo growth. Just as moratoriums multiply and 50-plus projects are canceled. The Securities and Exchange Commission (SEC) has confirmed that a set of post-2008 financial crisis safeguards do not apply to data center securitizations, a clarification that will make it cheaper and faster for operators to raise debt against their facilities - and which ...