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Benzinga
Benzinga
Business
Anthony Noto

REVEALED: Deal dispatch will buffett catch the train plus bezos circles cnbc | Rare Historical Photos

CNBC Deal Dispatch Warren Buffett United States Nasdaq Donald Trump Elizabeth Warren Pinnacle CSX Sony
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New On The Block

  • Warren Buffett might be preparing to punch a one-way ticket to transcontinental rail dominance. With Union Pacific Corp (NYSE:UNP) confirming it’s in "advanced discussions" to merge with Norfolk Southern Corp (NYSE:NSC), all eyes have turned to Berkshire Hathaway Inc (NYSE:BRK), which owns Burlington Northern Santa Fe, to see if the Oracle of Omaha will counter by scooping up CSX Corp (NASDAQ:CSX).

    Such a deal, according to Barron’s, would create a second coast-to-coast railroad, reshaping the freight landscape in the U.S.

    CSX CEO Joseph Hinrichs didn't exactly pour cold water on the idea during the company’s earnings call Wednesday, saying CSX is "open to anything" that delivers shareholder value.
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