Search Results for keywords:"competitive effects"

The Surface Transportation Board received a prefiling notification regarding a proposed transaction where Norfolk Southern Corporation and Norfolk Southern Railway Company aim to gain control of Norfolk & Portsmouth Belt Line Railroad Company. After reviewing the February 14, 2025 submission, the Board determined the transaction is "significant" rather than "minor," requiring more detailed information and compliance with different procedures. The Board instructed Norfolk Southern to amend their application, submit a revised procedural schedule by March 21, 2025, and to pay the additional filing fee associated with significant transactions. Additionally, the Board noted concerns from CSX Transportation and the Virginia Port Authority about potential anticompetitive effects.

The Miami International Securities Exchange LLC submitted a proposal to amend its fee schedule, specifically to increase the network connectivity fees for its 10-gigabit ultra-low latency fiber connections from $9,300 to $10,000 per month for both member and non-member users. This increase is intended to cover the exchange's growing costs and ensure the fees are fair and reasonable, reflecting the resources consumed by users of the higher bandwidth connections. The exchange argues that the proposed fees comply with U.S. securities law, are equitably allocated, and do not impose an unfair burden on competition.