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Berkshire Hathaway Deal for CSX Looks More Likely

Berkshire Hathaway Deal for CSX Looks More Likely After Blockbuster Norfolk Southern-Union Pacific Railroad Merger

The blockbuster deal raises the odds that Buffett’s Berkshire Hathaway, which owns the Burlington Northern Santa Fe railroad, will reach a deal with CSX to create a second transcontinental railroad. Union Pacific and BNSF compete in the western U.S., while CSX and Norfolk Southern are the two big Eastern railroads.

Sourcing Journal on MSN · 6d

As Union Pacific and Norfolk Southern Confirm Merger Talks, CSX Won’t Rule Out M&A

Stagnant volumes that have shifted to the trucking sector over the years appear to support the arguments for railroad consolidation.

The Washington Post · 2d

Union Pacific and Norfolk seek 1st transcontinental railroad through a massive merger

Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U

Trains.com on MSN5h

Activist investor may target CSX, citing slumping financial performance

Ancora Holdings, the activist investor that waged a proxy battle for control of a beleaguered Norfolk Southern in 2024, now ...

4hon MSN

Activist Ancora Is a ‘Growing’ Shareholder in Rail Operator CSX

Activist investor Ancora Holdings Group is a “growing shareholder” in rail operator CSX Corp., at a time when the industry is ...

Rail merger could mean fewer trains through the Ozarks

A national rail merger that’s now in the works could impact the number of trains rolling through the Ozarks. Last week, ...

Jacksonville Daily Record7d

With CSX in merger spotlight, CEO says company focused on operations

Joe Hinrichs says the company won’t comment on speculation, It cut 77 managerial jobs in Jacksonville on weak freight trends.

Trains on MSN17h

CPKC’s Creel warns of issues from UP-NS ‘endgame’ merger

Canadian Pacific Kansas City CEO Keith Creel today teed off on the proposed merger of Union Pacific and Norfolk Southern, ...

Railway Age10d

NS and CSX: We See More Than Smoke

We upgrade shares of Norfolk Southern and CSX to Buy as the likelihood of rail consolidation moves up considerably. A Union ...

9don MSN

BNSF hires Goldman, CSX seeks bankers as Union Pacific sparks rail M&A race, sources say

BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s ...

Is CSX Poised For The Last Railroad Consolidation? (Earnings Review)

CSX's Q2 earnings showed a 3% revenue decline, pressured by lower fuel surcharges and weak volumes. Find out why I rate CSX ...

9don MSN

Buy these stocks as railroad-merger talk heats up, analyst says

CSX’s stock has been upgraded at TD Cowen, which sees the railroad operating benefiting from consolidation in the rail sector.

Trains on MSN23h

With breakup fee, UP-NS merger agreement anticipates potential blows to deal

The $85 billion Union Pacific and Norfolk Southern merger agreement includes a $2.5 billion breakup fee that anticipates potential twists and turns that could play out over the next two years. The ...

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