Union Pacific (UNP) edged lower in premarket trading on Thursday after a report stated that the railroad operator is considering acquiring a rival, sending shares of its peers, CSX and Norfolk ...
JACKSONVILLE, Fla. — Union Pacific’s proposed acquisition of Norfolk Southern will create an imbalanced national rail network while reducing options for shippers, CSX said today while launching a ...
Union Pacific and Norfolk Southern confirmed Thursday that they are engaging in “advanced discussions” about a possible merger in a move that could potentially reshape the competitive dynamics of the ...
We hosted a dinner with CSX management on May 12 in New York City. Management struck aconstructive tone on near-term demand ...
CSX may be at a crossroads in the wake of the merger announcement of two of its Class I railroad rivals. “[CSX] has to make a decision of whether it wants to find a merger partner or whether it’s ...
Rivals Union Pacific and Norfolk Southern also pointed to signs of optimism as shippers look for cheaper trucking ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min With Norfolk Southern and Union ...
The prospects for additional consolidation in the rail industry derailed this week when both of CSX’s potential partners said they weren’t interested in a deal. Investors widely speculated that CSX ...
CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed ...
WASHINGTON • The U.S. Supreme Court declined on Monday to hear freight rail giant CSX’s bid to revive its antitrust lawsuit accusing rival Norfolk Southern of illegally restricting access to a key ...