CSX working with Goldman Sachs to explore strategic options, Bloomberg News reports
Union Pacific (UNP.N), opens new tab said on Tuesday it would buy smaller rival Norfolk Southern (NSC.N), opens new tab in an $85 billion deal to create the first U.S. coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country.
Reuters reported last week that CSX was in talks to bring on financial advisers.
"We welcome all opportunities that would allow us to deliver value for our shareholders, drive pro-growth and serve our customers better," CSX CEO Joe Hinrichs said on a post-earnings call last week.
Goldman Sachs did not immediately respond to a Reuters request for comment. CSX declined to comment.
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