Union Pacific, Norfolk Southern and CSX
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Joe Hinrichs says the company won’t comment on speculation, It cut 77 managerial jobs in Jacksonville on weak freight trends.
A national rail merger that’s now in the works could impact the number of trains rolling through the Ozarks. Last week, Ozarks First reported that two of the
CSX railroad's CEO signaled he would be open to merger conversations if a deal would boost shareholder value and help the business grow. As merger rumors swirl in the industry, the Jacksonville, Florida-based railroad said Wednesday that its second-quarter profit dipped 14% to $829 million,
We recently published 11 Stocks That Jim Cramer Recently Talked About. Union Pacific Corporation (NYSE:UNP) is one of the stocks Jim Cramer recently discussed. Union Pacific Corporation (NYSE:UNP)’s shares are flat year-to-date as they have yet to recover from a 12% drop in April after President Trump announced his Liberation Day tariffs.
CSX may not be out shopping for a merger partner, but the railroad will consider proposals that would raise shareholder value, improve service, and lead to profitable growth. “We know there’s been a lot of rumor and speculation about consolidation in the railroad industry in recent weeks,
Norfolk Southern Corporation (NASDAQ:NSC)’s shares have gained 21.7% year-to-date and have gained 11.5% in July.
We upgrade shares of Norfolk Southern and CSX to Buy as the likelihood of rail consolidation moves up considerably. A Union Pacific bid for NSC likely results in a BNSF bid for
Thousands of rail employees across the region are watching developments that could impact their future. The nation’s four largest railroad companies are mulling plans to merge into just two giant systems.
CSX's Q2 earnings showed a 3% revenue decline, pressured by lower fuel surcharges and weak volumes. Find out why I rate CSX stock as a hold.