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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.

CBS News on MSN · 1d

Union Pacific and Norfolk propose merger to create nation's first transcontinental railroad

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

Opinion

World Socialist Web Site · 6h

Union Pacific-Norfolk Southern mega-merger means more corporate attacks on railroad workers

The rail unions, whose support is needed for the success of the merger, did not warn their members about it during the long period of discussion and planning between the carriers.

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, ...

Trains on MSN11h

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 ...

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.

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 ...

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 ...

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 ...

CSX Corporation: Consider Taking Profits At The Top Of A Trading Range

CSX Corporation's Q2 earnings were mixed, with revenue down 3.4% year-over-year but operational efficiency improving ...

Stocktwits on MSN6d

CSX Chief Says Open To ‘All Opportunities’ To Grow Railroad Footprint Amid Mega Merger Rumors

CEO Joe Hinrichs said on Wednesday that the railroad operator is open to “all opportunities” to expand its business, as ...

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