CSX CSX -0.69%decrease; red down pointing triangle is wary about any possible merger following the $71.5 billion deal that two of its rivals agreed to this summer.
The railroad operator fielded a string of questions during Thursday’s third-quarter earnings call about whether CSX would consider a merger in the footsteps of the deal between Union Pacific and Norfolk Southern NSC -0.42%decrease; red down pointing triangle. Executives responded by emphasizing CSX’s strategy as a standalone company and noting the regulatory hurdles its competitors still have to clear.
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