Warren Buffett CNBC told his train plan. Stocks are moving

Warren Buffett The market has no other railway, but he met with CEO CSX earlier this month and discussed cooperation to make railways more efficient. Fast Becky on monday.

Berkshire Hathaway The Chairman of the Board of Directors and CEO Greg Abel, CEO of CSX Joseph Hinrich in Omaha, Nebraska, met on August 3 in his office alone without any advisers. They have made it clear to Hinrichs that they will not make a csx offer, but they believe that they can cooperate more to gain some of the same benefits that will come from combining the two companies.

CSX It closed about 5 % less than $ 32.81 per share on the news that Pavite is not interested in buying a railway. Pacific Ocean Union About 2 % decreased, Southern Norfolk It lost more than 2 %, and Berkshire Hathaway decreased less than 1 %.

Buffett’s comments come after BNSF Railway announced from Berkshire Hathaway and CSX Partnership on Friday to submit it New railway services from coast to coast. Partnership is a way to transfer charging across the United States more efficiently without paying BNSF in addition to obtaining CSX.

The STAID railway was usually shook last month when Union Pacific announced plans to buy Norfolk Southern for $ 85 billion, which led to speculation that Berkshire could join Fray Takeover. CSX shares jumped by 9 % in July on speculation.