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Warren Buffett Not on the market to buy another railway, but he met with CSX CEO earlier this month and discussed cooperation to make the freight railway more efficient, – he said CNBC Beck is fast Monday.
Berkshire Hethai The chairman of the Buffett and CEO Greg Abel met with CSX CEO Joseph Hinrich in Amakh, Nebraska, on August 3, only without attendees. They made it clear to Hinrichs that they would not make applications for CSX, but thought they could more cooperate to get some of the same benefits that would come from the combination of two companies.
CSX Closed by approximately 5% below $ 32.81 per share in the news, which is not interested in buying a railway. Union of the Pacific Ocean fell about 2%, Norfolk southern He lost more than 2%, and Berkshire Hethaue decreased less than 1%.
Buffett’s comments appeared after BNSF -Check Berkshire Hethai and CSX announced the partnership on Friday to provide New rail services to the coast to the coast. Partnership is a way to move more efficiently by US trucking without paying BNSF to buy CSX.
Usually, the restrained rail sector was shocked last month when the Union Pacific announced plans to buy Norfolk Southern for $ 85 billion that allocated the assumptions that Berkshire could join the fracture. In July, CSX shares jumped on 9% on speculation.
