After reports that western railroad company Union Pacific Corp. is interested in buying eastern rail company Norfolk Southern Corp., some analysts are speculating the other major western railroad could be interested in merging with Jacksonville-based CSX Corp.
CSX and Norfolk Southern are the two major eastern U.S. railroads and Union Pacific and BNSF Railway are the two major western railroads.
After The Wall Street Journal reported the talks between Union Pacific and Norfolk Southern, Barron’s reported July 18 that BNSF could target CSX as a defensive maneuver.