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The Independent UK
The Independent UK
National
Josh Funk

CSX railroad's merger prospects derail as BNSF and CPKC make clear they aren't interested in a deal

Transcontinental Railroad Merger - (ASSOCIATED PRESS)

The prospects for additional consolidation in the rail industry derailed this week when both of CSX's potential partners said they weren't interested in a deal.

Investors widely speculated that CSX would be an acquisition target once rumors of merger talks between Union Pacific and Norfolk Southern emerged over the summer, because of the challenge of competing against a nationwide railroad.

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