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CSX shares fall after Buffett shuts down talk of Berkshire railroad merger
Shares of CSX fell about 5 per cent after Buffett told CNBC he was not interested in a merger, dousing investor hopes that Berkshire’s rail unit BNSF would acquire the rival railroad operator. A representative for Berkshire later confirmed Buffett’s remarks.
CSX shares are trading lower Monday after reports indicating the company and Burlington Northern Railroad have not held ...
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Warren Buffett Quashes BNSF-CSX Merger Rumors as Railroads Roll Out Coast-to-Coast Services
Buffett met CSX CEO Joe Hinrichs on Aug. 3 to discuss more cooperation between the railroads, which are establishing routes ...
CSX and Berkshire Hathaway -owned BNSF on Friday announced new coast-to-coast services, a move that strengthens their freight ...
Investor Warren Buffett said BNSF parent Berkshire Hathaway won’t bid for Norfolk Southern or CSX. The post Buffett: ...
The operator of some 20,000 miles of track faces extra pressure following a recent merger announcement from rivals.
The railroad operators have teamed to launch three new intermodal services.
Ancora Holdings, a prolific activist investor in transports, has once again set its sights on an underperforming Class I ...
Activist investor Ancora Holdings, in a letter to CSX board disclosed on Monday, urged the railroad to pursue near-term ...
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