Warren Buffett, CEO of Berkshire Hathaway, publicly stated on August 25, 2025, that his company is not looking to acquire another railroad, specifically addressing and shutting down speculation of a blockbuster merger between Berkshire's BNSF Railway and CSX Corporation. This statement caused CSX shares to fall approximately 5%.
Buffett's remarks directly countered recent market speculation and activist investor pressure for CSX to pursue a merger, particularly in light of Union Pacific's interest in acquiring Norfolk Southern. The absence of a BNSF bid significantly alters the M&A landscape for CSX.
In a related development, Canadian Pacific Kansas City also publicly rejected participation in any near-term rail industry consolidation. These rejections narrow the potential merger prospects for CSX and emphasize a focus on organic growth and strategic partnerships rather than large-scale acquisitions.
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