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CSX is working with Goldman Sachs Group, people familiar with the matter said, as the company explores options to participate in rail consolidation after two major rivals announced a merger.

At a time when the industry is bracing for further consolidation, Ancora believes that CSX under CEO Joseph Hinrichs has been “underperforming.”

Union Pacific agreed to acquire Norfolk Southern, forming a transcontinental rail behemoth in what stands to be the industry’s largest deal ever.

Analysts have speculated that a Union Pacific-Norfolk Southern tie-up could leave the next-biggest companies in the industry — BNSF and CSX — to at least consider their own combinations.

A merger would create a single U.S railroad with service stretching from the East to the West Coast.

Union Pacific and Norfolk Southern are in merger talks that would create a railroad in North America that essentially connects the East and West Coasts.

Union Pacific is exploring an acquisition of Norfolk Southern, setting up what could rank as the largest railroad deal ever, according to people familiar with the matter.

Union Pacific Corp.’s quarterly earnings topped Wall Street estimates, and the railroad said its 2025 outlook remains the same despite a mixed economic forecast.

OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.

Union Pacific Railroad is one step closer to eliminating its workforce in the east Texas town of Palestine after action by the Texas Supreme Court on Sept. 6.