CSX railroad’s merger prospects derail
OMAHA, Neb. (AP) — The prospects for additional consolidation in the rail industry derailed this week when both of CSX’s potential partners said they weren’t interested in a deal. Investors widely speculated that CSX would be an acquisition target once rumors of merger talks between Union Pacific and Norfolk Sothern emerged over the summer, because of the challenge of competing against a nationwide railroad. Both BNSF and CPKC have made clear they don’t think a merger makes sense. Meanwhile, it remains to be seen if last month’s announcement of the transcontinental Union Pacific-Norfolk Southern merger will be approved.