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.
U.S. Commerce Secretary Howard Lutnick backed Union Pacific’s proposed $72 billion takeover of Norfolk Southern, saying it will create more efficient transcontinental rail freight transportation.
Ancora wants CSX to focus on maximizing shareholder value at a critical moment.
A new Union Pacific service is raising the stakes for intermodal traffic moving from southern California ports to Chicago.
The Surface Transportation Board’s Office of Environmental Analysis has issued its final Environmental Impact Statement for the Green Eagle Railroad, a 1.3-mile line that would be part of a new 19-mile rail route and bridge connecting Eagle Pass, Texas, and Piedras Negas, Mexico. The Green Eagle Railroad would be part of a secure corridor for […]
While Union Pacific and Norfolk Southern have agreed to consolidate, intermodal heavyweights will have to reassess their links to the major railroads.
An association representing several thousand rail shippers is warning a merger of Union Pacific and Norfolk Southern will push freight rates higher and lead to unreliable service.
Intermodal provider Hub Group, which would be strongly affected by a UP-NS merger, backs it fully.
Goldman Sachs is reportedly advising CSX on merger options after Union Pacific said that it would acquire Norfolk Southern.
The Port of Los Angeles is poised to reap the benefits of Union Pacific’s acquisition of Norfolk Southern, its top executive says.
The activist investor that helped spur the historic Union Pacific-Norfolk Southern deal is building a position in CSX.
Ancora built its position in Norfolk Southern in 2023 and 2024.
Canadian National, one of two transcontinental railroads in Canada, expressed support for the proposed coast-to-coast merger of Union Pacific and Norfolk Southern.
Intermodal, coal, and grain helped Canadian Pacific Kansas City to improved profits in the second quarter.
The proposed acquisition creates the first transcontinental freight railroad.
Werner’s year-on-year comps were tough, but it performed better sequentially in the second quarter.
Eliminating interchange should make rail a more attractive option for shippers in nation’s midsection, George and Vena tell analysts
Shippers wary of higher rates, service issues with one entity controlling 52,000 miles of track.
