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Warren Buffett Quashes BNSF-CSX Merger Rumors as Railroads Roll Out Coast-to-Coast Services
BNSF Railway and CSX are introducing two coast-to-coast intermodal rail services as the railroads cozy up amid a pending Union Pacific-Norfolk Southern merger. However, a merger for BNSF seems to be ...
Class I railroads BNSF, CPKC, CN and CSX argue the filing violates STB merger rules and leaves key competition and market impacts unanswered. Joe Raedle/Getty Images The combining railroads argue the ...
OMAHA, Neb. – The prospects for additional consolidation in the rail industry derailed this week when both of CSX's potential partners said they weren't interested in a deal. Investors widely ...
Berkshire Hathaway Chairman Warren Buffett told CNBC's Becky Quick that he doesn't want to buy another railroad. Buffett told CSX CEO Joseph Hinrichs in a meeting earlier this month that he would not ...
A partnership between CSX CSX-0.28%decrease; down pointing triangle and BNSF Railway to connect the east and west coasts sparked a debate as to whether the two railroad operators are testing a merger ...
BNSF and CSX on Nov. 17 teamed to launch nine intermodal schedules from California to the Ohio Valley and the Northeast. “These new schedules offer even more immediate value for our customers today by ...
Soft demand is holding down revenue at Union Pacific and CSX. The Class I railroads both saw annual revenue declines of 1 percent, with Union Pacific’s operating revenue coming in at $6.1 billion and ...
BNSF expands its Positive Train Control footprint and reaches a safety milestone. Also, CSX ranks on Florida’s Best Employers list by Forbes; and Norfolk Southern (NS) is donating $1 million to ...
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