Gradison blasted the Santa Fe merger rejection.
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Heather Gradison, chairman of the Interstate Commerce Commission, described as “incomprehensible” the rejection of the merger of the Santa Fe and Southern Pacific railroads. The parent companies of the two railroads merged in 1983. Gradison said the other commissioners disregarded the two railroads’ poor prospects of surviving as separate companies. The ICC voted 4 to 1 to block the merger because it would lessen competition, particularly along the West Coast and the Gulf Coast.
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