Reported 1 day ago
CSX and BNSF, owned by Berkshire Hathaway, have announced new coast-to-coast services that enhance freight connectivity but have dampened market expectations for a quick merger between the two railroads. Analysts interpret this as a sign that BNSF is not currently interested in merging, opting instead to monitor the potential merger between Union Pacific and Norfolk Southern, which could reshape the industry significantly. The new routes aim to connect Southern California with key eastern locations, reflecting common practices in the railroad industry.
Source: YAHOO