Reported 2 days ago
CSX is under scrutiny from activist investor Ancora Holdings amid the merger between Norfolk Southern and Union Pacific. Ancora, which has increased its stake in CSX, may push for a new direction for the company, potentially involving a merger, following CSX's poor operating performance—its operating ratio is currently the worst among Class I railroads. CEO Joseph Hinrichs remains open to acquisition discussions, while CSX's recent talks with Goldman Sachs suggest that changes might be on the horizon. The ongoing merger in the industry has raised concerns about further consolidation and its implications for service and competition.
Source: YAHOO