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Sourcing Journal on MSNBNSF Tied to Possible CSX Takeover as US Rail Merger Chatter Grows
Speculation follows reports of Union Pacific's pursuit to acquire Norfolk Southern, suggesting wider industry consolidation.
BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s ...
Acquiring CSX would be expensive for Berkshire, but it would still be accretive to its earnings, one analyst calculated.
Joe Hinrichs says the company won’t comment on speculation, It cut 77 managerial jobs in Jacksonville on weak freight trends.
2d
Investor's Business Daily on MSNBerkshire Hathaway May Join Railroad Merger Party; CSX Deal?
Berkshire Hathaway 'sBRKB BNSF Railway has reportedly hired Goldman Sachs in an apparent reaction to news that Union Pacific ...
Union Pacific , the largest U.S. railroad operator, said on Thursday it is in advanced talks with rival Norfolk Southern , ...
CSX's Q2 earnings showed a 3% revenue decline, pressured by lower fuel surcharges and weak volumes. Find out why I rate CSX ...
Combining Union Pacific and Norfolk Southern into the first transcontinental railroad in the U.S. would create a 52,215-mile ...
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., ...
Berkshire Hathaway has over $300 billion in cash. Warren Buffett may be eyeing the railroad sector to put the cash to work.
The combination of two large rail companies would create the first coast-to-coast network, but the deal could reduce ...
We upgrade shares of Norfolk Southern and CSX to Buy as the likelihood of rail consolidation moves up considerably. A Union Pacific bid for NSC likely results in a BNSF bid for ...
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