Trains

Rail merger talk, clues about economy likely to dominate Class I earnings calls

CSX will lead off the rail industry’s third-quarter earnings season when it reports its financial results on Thursday ...

CSX profit falls 22% but investors focus on the direction the new CEO will take the railroad

Investors looked past a 22% drop in CSX’s third quarter earnings Thursday and focused on the direction the railroad's new CEO ...
Railway Age

Class I Briefs: CN, UP, CSX

CN eyes a transload network expansion with its Top-Tier Transload Partner Program. Also, Union Pacific (UP) replaces all rail infrastructure—inside a tunnel—in less than 24 hours on the Black Butte ...
U.S. News & World Report

BNSF Hires Goldman, CSX Seeks Bankers as Union Pacific Sparks Rail M&A Race, Sources Say

(Reuters) -BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s interest in acquiring Norfolk Southern sparked a wave of deal ...
The Lufkin Daily News

CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger looms

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 ...
Reuters

BNSF hires Goldman, CSX seeks bankers as Union Pacific sparks rail M&A race, sources say

Any potential deal is expected to undergo intense regulatory scrutiny and remains far from certain. Goldman and CSX declined to comment. BNSF did not immediately respond to a Reuters request for ...
Seeking Alpha

BNSF hires Goldman, CSX seeks bankers as Union Pacific sparks rail M&A race - Reuters

BNSF Railway has hired Goldman Sachs to explore a potential railroad takeover, and CSX (NASDAQ:CSX) is in talks to bring on financial advisors, as Union Pacific's (NYSE:UNP) interest in acquiring ...