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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.

Now that freight trains are reaching Asheville, N.C., again, Norfolk Southern says it has turned its attention to restoring its tracks that connect the mountains with the rest of the state.

Norfolk Southern’s quarterly profits were again inflated by insurance payments related to its disastrous 2023 derailment in Ohio, but even without that, the railroad’s profits grew.

Norfolk Southern reached an agreement with one of two companies about how much each side will help pay for a $600 million class-action settlement after the 2023 Ohio train derailment.