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,

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.

Joe Hinrichs says the company won’t comment on speculation, It cut 77 managerial jobs in Jacksonville on weak freight trends.

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,

Speculation follows reports of Union Pacific's pursuit to acquire Norfolk Southern, suggesting wider industry consolidation.

CSX Corporation has become a focal point of merger speculation as industry consolidation gains momentum in the U.S. railroad sector. The company's stock is attracting investor attention following Union Pacific and Norfolk Southern's announcement of potential merger talks,

BNSF Railway could target Jacksonville-based CSX in a takeover bid. After reports that western railroad company Union Pacific Corp. is interested in buying eastern rail company Norfolk Southern Corp., some analysts are speculating the other major western railroad could be interested in merging with Jacksonville-based CSX Corp.

The Surface Transportation Board has launched merger resources pages on its website just a day after Union Pacific and Norfolk Southern confirmed that they are engaged in advanced talks over a combination that would create the first U.

BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s interest in acquiring Norfolk Southern sparked a wave of deal preparations that could reshape the U.

Acquiring CSX would be expensive for Berkshire, but it would still be accretive to its earnings, one analyst calculated.