Lates News

Berkshire Hathaway CEO Warren Buffett said in an interview with CNBC on Monday that the company has no intention of acquiring a railroad company. Earlier reports suggested that Berkshire's BNSF was in talks with CSX to create a transcontinental railway. This clarification came weeks after the news of the potential merger between the leading U.S. railroads Union Pacific and Norfolk Southern, which caused speculation of more mergers and acquisitions in the industry. Following the announcement, CSX's stock price dropped approximately 4.5%.