Warren Buffett just told CNBC his plan for trains. The stocks are moving
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4 Articles
Warren Buffett: BNSF Will Not Merge With CSX or NS
A month after Union Pacific announced its plan to acquire Norfolk Southern, the man who controls UP’s main rival in the West says his railroad has no plans to pursue NS or CSX Transportation. Warren Buffett, the billionaire investor and CEO of BNSF Railway’s owner Berkshire Hathaway, told CNBC on Monday that his company does not intend to go after CSX or make a competing bid for NS. It was the first time anyone close to BNSF had made public com…
Warren Buffett met with the CEO of CSX, but he has no plans to buy the railroad company, instead suggesting a closer partnership, CNBC reported. The news sent the railroad's stock price plummeting.
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