Warren Buffett isn’t the only one interested in railroads. Activist shareholders are eyeing railroad operator CSX, which could be contributing to Wednesday’s surge in the stock, CNBC’s David Faber reported.
Warren Buffett's Berkshire Hathaway has bought large stakes in two other North American railroad companies besides Burlington Northern Santa Fe, CNBC's Liz Claman has learned. Berkshire recently acquired a 10.9% stake in Burlington Northern Santa Fe , becoming the railroad company's largest shareholder.
Thomas Wadewitz, transportation analyst at JP Morgan Chase, told CNBC’s “Morning Call” that railroads should be able to increase rates, making the sector attractive to investors.
Cramer continues his list of the top 10 potential anti-competitive deals coming before 2008.
U.S. railroad CSX said that its quarterly net profit rose, citing strong pricing for its freight services.