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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 · 1d

Union Pacific and Norfolk Southern 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.

CNBC on MSN · 6d

CSX CEO on potential threat from the Union Pacific-Norfolk Southern merger

CNBC's Morgan Brennan talks with Joe Hinrichs, CSX CEO, to discuss how the company is thinking about a potential merger between Union Pacific and Norfolk Southern, whether a merger would pose competitive threat if CSX remains independent,

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 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.

Trains on MSN15h

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 ...

Could massive rail merger impact the Ozarks’ main carrier?

Thousands of rail employees across the region are watching developments that could impact their future. The nation’s four ...

The Economist6d

The rail mega-merger that could transform American supply chains

According to Oliver Wyman, a consultancy, the share of intermodal goods in America that travel by rail on journeys longer ...

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 ...

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., ...

6don MSN

The Odds of a Berkshire Hathaway Bid for CSX Are Rising. How Buffett Might Try to Pull It Off.

Acquiring CSX would be expensive for Berkshire, but it would still be accretive to its earnings, one analyst calculated.

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