News

Jacksonville Daily Record6d
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.
Trains8d
CSX won’t rule out merger options
CSX may not be out shopping for a merger partner, but the railroad will consider proposals that would raise shareholder value, improve service, and lead to profitable growth. “We know there’s been a ...
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, ...
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 ...
Trains on MSN7h
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, ...
Jacksonville Daily Record9d
Analysts speculate BNSF may seek merger with Jacksonville-based CSX
BNSF Railway could target Jacksonville-based CSX in a takeover bid. After reports that western railroad company Union Pacific Corp. is interested in buying eastern rail company Norfolk Southern Corp., ...
Railway Age9d
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 ...
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 ...
Trains on MSN12h
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 ...