Good News: Buffett not interested in CSX

[jaxlongtimer]

Good news for Jacksonville: Buffett's railroad, BNSF, won't be pursuing CSX.  There remains a corporate raider lurking but the only other RR that could be a potential acquirer is a Canadian one.  Doubt the Trump administration would approve of a foreign takeover of a critical U.S. infrastructure component.

Warren Buffett just told CNBC his plan for trains.

Warren Buffett is not in the market to buy another railroad but he met with the CEO of CSX earlier this month and discussed cooperation to make freight rail more efficient, he told CNBC's Becky Quick on Monday.

Chairman Buffett and CEO-designate Greg Abel met with CSX CEO Joseph Hinrichs in Omaha, Nebraska, on Aug. 3 in his office alone without any advisors present. They made clear to Hinrichs that they would not make a bid for CSX, but believed they could cooperate more to gain some of the same benefits that would come from combining the two companies...

...Buffett's comments come after Berkshire Hathaway's BNSF Railway and CSX announced a partnership Friday to provide new coast-to-coast rail services. The partnership is a way to move freight across the U.S. more efficiently without BNSF paying a premium to acquire CSX....

https://www.cnbc.com/2025/08/25/warren-buffett-is-not-in-market-to-buy-another-railroad-but-he-met-with-csx-ceo-about-greater-cooperation.html

[thelakelander]

Great news for Jax!

[jaxlongtimer]

Interestingly, FEC is owned by a Mexican RR.  Wonder if Trump will be jumping on that one day.