CSX CEO Joe Hinrichs on railroad M&A speculation

Mergers & Acquisitions Speculation - CSX acknowledges rumors and intelligence regarding advanced discussions between Union Pacific and Norfolk Southern [1] - CSX is not commenting on speculation around conversations with BNSF about a similar tie-up [3] - CSX believes it is in a strong position and is proud of its operating results, enabling conversations about serving shareholders better [4] Competitive Positioning & Strategy - CSX expresses pride in its competitive position as the strongest railroad in the east, highlighting its market value [2] - CSX is excited about participating in conversations that create value for shareholders, customers, and employees, focusing on profitable growth [2] - The company emphasizes its ability to compete and adapt, leveraging its network regardless of how potential mergers play out [6] Operational Improvements - The conversation revolves around increasing fluidity and ease of transition at interchange points, with multiple approaches possible [5]