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X @The Wall Street Journal
Exclusive: President Trump on Wednesday fired Robert Primus, a board member of the railroad regulator that is weighing the proposed megamerger between Union Pacific and Norfolk Southern. Primus said he planned to challenge the termination. https://t.co/zJ2DHQYobZ ...
CSX CEO: We have had the best customer service in the industry over the last two years
CNBC Television· 2025-08-27 23:46
We have the strongest railroad network in the east, the best margins, best customer service. We think the best employee engagement. So, we like our position and it has it has value.Obviously, Norfolk, Southern Union Pacific are pursuing one path. But we're in a situation now where we get to talk to all the other railroads. They come to us say, "You're the only other railroad in the east, not paired up with everybody, but first we talk with BNSF." Great opportunities there to work together at the Berkshire.S ...
X @Bloomberg
Bloomberg· 2025-08-26 13:50
Company Stance - Canadian Pacific Kansas City (CPKC) expresses no interest in a merger [1] Industry Concerns - Potential service disruptions are warned as deal activity increases across the rail industry [1]
Union Pacific reached out to CSX only after exclusivity with Norfolk Southern: Sources
CNBC Television· 2025-08-26 11:53
We got some breaking news on the railroad industry and Becky Quick joins us right now on the Squawk Newsline. Becky, what's going on. Hey Andrew.Um, great to talk to you guys. Look, I've got some incre incremental news um that pushes the story forward a little bit from what we were talking about yesterday. First of all, if you take a look at a five-day chart of CSX shares, just want to point out what's been happening over the last few days.Yesterday that stock closed down 5% on a report when I called in to ...
Warren Buffett says Berkshire Hathaway is not in the market to buy a train company
CNBC Television· 2025-08-25 18:45
Hang with me for a second because we have a news alert with Becky Quick who joins us now I believe on the phone. Hey Beex, what do you got. Hey Scott.Uh I just got off the phone with Warren Buffett and he just added a little clarity to the news release that both CSX and Burlington Northern put out on Friday afternoon. In it they talked about how they're linking up. They've got a lot of a partnership that they can work together to make sure that freight can make it all the way from the east to the west coast ...
X @Bloomberg
Bloomberg· 2025-08-25 18:38
Warren Buffett’s Berkshire Hathaway isn’t in the market for a deal to buy a competing railroad https://t.co/s6W7V0ErEM ...
Faber Report: No talks happening between CSX and Burlington Northern
CNBC Television· 2025-08-25 14:19
Uh there we've got one big deal obviously out there. They've yet to file with the surface transportation board that is UNP's acquisition of Norfolk Southern. But the question has been will we see another deal. There's been a belief perhaps that the STB would rather rule on two transcontinental merger deals so to speak rather than one. And that would take the form of Burlington Northern and CSX. Um and there's been plenty of discussion around it, plenty of speculation around it. On Friday, there was the anno ...
X @Bloomberg
Bloomberg· 2025-08-22 09:56
South Africa’s government shortlisted 11 private companies to operate on the nation’s freight-rail network and help tackle logistics bottlenecks that have weighed on economic growth https://t.co/75mLw8voWW ...
X @Bloomberg
Bloomberg· 2025-08-19 15:24
Commerce Secretary Howard Lutnick said he’d support consolidation as a means to make the US freight rail industry more efficient, a potential boost for Union Pacific’s $72 billion takeover of Norfolk Southern https://t.co/u7auLaDvbK ...
X @Bloomberg
Bloomberg· 2025-08-08 22:24
Brightline, the struggling Florida high-speed railroad, is offering investors about a 15% tax-exempt yield to roll over $985 million of bonds next week https://t.co/8sdlfIOWiE ...