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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 and Berkshire Hathaway-owned BNSF on Friday announced new coast-to-coast services, a move that strengthens their freight ...
CSX shares are trading lower Monday after reports indicating the company and Burlington Northern Railroad have not held ...
BNSF Railway wants to date CSX — but has no interest in getting married. Five days after Union Pacific announced its $85 ...
Ancora Holdings, a prolific activist investor in transports, has once again set its sights on an underperforming Class I ...
CSX may also be responding to activist pressure, the TD Cowen analysts said. Ancora Holdings has been pushing CSX to either ...
Activist investor Ancora Holdings, which recently announced it had taken an increased stake in CSX, is increasing pressure on the railroad to pursue a merger. The hedge fund today released a letter it ...
CSX Corporation (NASDAQ:CSX) (CSX) and BNSF today announced several new intermodal service products that will offer customers ...
Speculation about CSX's future has come into sharper focus in the wake of rival railroad Union Pacific's decision in July to ...
The operator of some 20,000 miles of track faces extra pressure following a recent merger announcement from rivals.
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