Berkshire Hathaway-CSX Meeting: Rail Cooperation, Not Acquisition

Berkshire Hathaway confirms no CSX acquisition interest, but sees cooperation potential. Meeting held in Omaha.

Berkshire Hathaway-CSX Meeting: Rail Cooperation, Not Acquisition
September 6, 2025 11:48 pm
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Introduction

Berkshire Hathaway Chairman Warren Buffett, speaking to CNBC, confirmed that the company, which owns BNSF Railway, is not interested in acquiring CSX. Buffett and Berkshire CEO-designate Greg Abel met with CSX President and CEO Joseph Hinrichs in Omaha, Nebraska, on August 3rd.

Meeting Outcome

During the meeting on August 3rd in Omaha, Nebraska, Warren Buffett and Greg Abel informed CSX President and CEO Joseph Hinrichs that Berkshire Hathaway would not bid to acquire CSX. Despite this, they expressed a belief in the potential for increased cooperation between the companies to realize some of the advantages that a merger might offer.

BNSF Railway Acquisition

Berkshire Hathaway’s acquisition of BNSF occurred in 2010.

Merger Speculation

Speculation regarding a potential acquisition of CSX by Berkshire Hathaway arose following the announcement by Union Pacific and Norfolk Southern of their merger plans, which aim to establish a transcontinental railroad operator.

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Conclusion

Warren Buffett stated that Berkshire Hathaway has no interest in acquiring CSX, but sees potential in cooperation. This was confirmed during a meeting in Omaha, Nebraska on August 3rd, with CSX leadership.

Company Summary

BNSF Railway: A railroad company and part of Berkshire Hathaway’s portfolio.

CSX: A railroad company.

Berkshire Hathaway: A holding company chaired by Warren Buffett, which owns BNSF Railway.

Union Pacific: A railroad company.

Norfolk Southern: A railroad company.