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News

CSX Won't Rule Out M&A

Investor's Business Daily on MSN · 8d
Union Pacific Eyes Norfolk Southern Deal; Why Is CSX Up?
CSX has a $62.5 billion market capitalization, compared to $58.7 billion for Norfolk Southern. Union Pacific is the largest of the three S&P 500 railroad stocks, with a $138.1 billion market cap. BofA also cited CSX's internal improvements in the upgrade, according to The Fly investment site.
Sourcing Journal on MSN · 1d
As Union Pacific and Norfolk Southern Confirm Merger Talks, CSX Won’t Rule Out M&A
Stagnant volumes that have shifted to the trucking sector over the years appear to support the arguments for railroad consolidation.
The New York Times · 2d
Union Pacific Is in Talks to Merge With Norfolk Southern
The combination of two large rail companies would create the first coast-to-coast network, but the deal could reduce competition.
Jacksonville Daily Record
9d

CSX stock up on report of Union Pacific interest

CSX Corp. stock is up on reports that Union Pacific is interested in buying the Jacksonville-headquartered railroad company.
5don MSN

BNSF hires Goldman, CSX seeks bankers as Union Pacific sparks rail M&A race, sources say

BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s ...

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