CSX

CSX reported third quarter adjusted net earnings of $818 million, or $0.44 per share, beating forecasts of $0.42 for the eastern railroad operator.

BNSF Railway states that Union Pacific’s deal to acquire Norfolk Southern will hurt rail competition, increase rates, reduce service, and likely lead to operational issues.

CSX named Steve Angel as CEO, succeeding former Ford executive Joe Hinrichs as leader of the eastern railroad. 

With a new CEO, Ancora Holdings says CSX is now positioned to seek out a merger of its own. 

CSX has officially opened the Howard Street Tunnel after a clearance project that will boost container volume at the Port of Baltimore.

CSX’s Blue Ridge Subdivision, damaged by Hurricane Helene, hosts its first revenue freight train after reconstruction.

CSX CEO Joe Hinrichs states that railroads’ focus on profit margins over growth has led to stagnant traffic levels.

Following similar interline moves by competing railroads, merger partners Union Pacific and Norfolk Southern have introduced an array of new domestic intermodal services.

CN and CSX advocate cooperation over mergers to shift freight from highway to rail, citing seamless service and efficiency.

Union Pacific and Norfolk Southern argue rival interline alliances prove their proposed merger enhances railroad competition.

Canadian National and CSX are collaborating on direct intermodal service from the West Coast of Canada to the heart of the U.S. Mid-south region. 

Canadian Pacific Kansas City CEO Keith Creel again said his company would pursue alliances rather than near-term consolidation.

Investor Warren Buffett said BNSF parent Berkshire Hathaway won’t bid for Norfolk Southern or CSX. 

BNSF Railway and CSX said they will partner on seamless coast-to-coast rail service, just weeks after Union Pacific and Norfolk Southern proposed their own transcontinental merger. 

Ancora wants CSX to focus on maximizing shareholder value at a critical moment.

While Union Pacific and Norfolk Southern have agreed to consolidate, intermodal heavyweights will have to reassess their links to the major railroads.

Goldman Sachs is reportedly advising CSX on merger options after Union Pacific said that it would acquire Norfolk Southern.

The activist investor that helped spur the historic Union Pacific-Norfolk Southern deal is building a position in CSX.

Canadian National, one of two transcontinental railroads in Canada, expressed support for the proposed coast-to-coast merger of Union Pacific and Norfolk Southern.

Eliminating interchange should make rail a more attractive option for shippers in nation’s midsection, George and Vena tell analysts