CN and CSX tout railroad collaboration

Intermodal train with one red and black locomotive on curve

LAGUNA BEACH, Calif. — Canadian National and CSX executives today touted cooperation — not combination — as the best way to convert freight from highway to rail. While Union Pacific has proposed an $85 billion acquisition of Norfolk Southern to create the first transcontinental railroad in the U.S., CN CEO Tracy Robinson says interline partnerships […]

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CSX and Canadian National working on new interline intermodal service

CSX and Canadian National today announced they plan to develop a new interline intermodal service linking Nashville, Tenn., with Vancouver and Prince Rupert, British Columbia. This international container traffic currently runs over CN to Memphis, where it is then trucked to Nashville. Once the railroads finalize their deal, the loads will run via CSX between […]

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Three days that shifted the transcon merger chessboard: Analysis

Train crossing bridge over canal

What a week this was for unexpected twists and turns in the Class I railroad merger landscape. First, on Monday Berkshire Hathaway Chairman Warren Buffett said the company would not bid on CSX or Norfolk Southern, which had been viewed as potential merger partners for the Berkshire-owned BNSF Railway. A BNSF-CSX combination, in particular, had […]

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Justice Department raises competition concerns over NS control of Virginia terminal railroad

WASHINGTON — The Justice Department yesterday urged the Surface Transportation Board to closely scrutinize Norfolk Southern’s bid for full control of the Norfolk & Portsmouth Belt Line, warning that the move could choke off competition at one of the Port of Virginia’s intermodal terminals. The Justice Department’s Antitrust Division said the 129-year-old Belt Line — […]

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Buffett: Berkshire will not bid for CSX or Norfolk Southern

Train rounding curve in mountains

OMAHA, Neb. — BNSF Railway wants to date CSX — but has no interest in getting married. Five days after Union Pacific announced its $85 billion deal to acquire Norfolk Southern, Berkshire Hathaway Chairman Warren Buffett and CEO designate Greg Abel told CSX CEO Joe Hinrichs that they would not bid for the Eastern railroad. […]

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