Berkshire Hathaway-Owned BNSF, With Goldman Sachs, Explores Acquiring CSX or Norfolk Southern After Union Pacific’s $85 Billion Deal

BNSF Railway, a subsidiary of Berkshire Hathaway, is reportedly considering a bid to acquire a rival railway company, with potential targets including CSX Corporation and Norfolk Southern Corporation. BNSF is working with Goldman Sachs to explore this acquisition opportunity. This move follows Union Pacific's recent $85 billion acquisition of Norfolk Southern, which has intensified consolidation efforts within the U.S. rail industry. CSX is also actively exploring strategic options and is collaborating with Goldman Sachs to assess potential merger opportunities amid this wave of industry consolidation. Following these developments, CSX shares rose by 4% and Norfolk Southern shares increased by 1% in premarket trading.