Buffett: Berkshire Will Not Bid for CSX or Norfolk Southern
Warren Buffett emphasized strategic cooperation between BNSF and CSX, launching new intermodal routes to enhance freight options amid ongoing industry consolidation.
7 Articles
7 Articles
Buffett: Berkshire will not bid for CSX or Norfolk Southern
CSX, BNSF, and Pan Am Railways power lead a Pan Am Southern unit grain train en route to Ayer, Mass., on Pan Am’s freight main in former B&M territory, at Wendell, Mass., on Aug. 16, 2017. Scott A. Hartley OMAHA, Neb. — BNSF Railway wants to date CSX — but has no interest in getting married. Five days after Union Pacific announced its $85 billion deal to acquire Norfolk Southern, Berkshire Hathaway Chairman Warren Buffett and CEO designate Greg …
RTR: Buffett shoots down talk of Berkshire railroad merger, CSX shares slide - The Loadstar
REUTERS reports: Billionaire investor Warren Buffett on Monday shut down speculation of a blockbuster railroad merger, saying his company Berkshire Hathaway is not looking to buy another train company. Shares of CSX fell 5% on Monday after Buffett told CNBC he was not interested in a merger, dousing investor hopes that Berkshire’s rail unit BNSF would acquire the rival railroad operator. A representative for Berkshire later confirmed Buffett’s r…
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- 40% of the sources lean Left, 40% of the sources are Center
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