Two major rail operators may merge

October 13, 2014

Canadian Pacific Railway has approached and been rebuffed by CSX about a merger that could bring together two of the world’s largest railroad operators, according to a published report Sunday afternoon on the website of The Wall Street Journal.

If a merger were negotiated, it could rally a volatile Wall Street this week and eclipse in size Berkshire Hathaway’s $26 billion purchase of Burlington Northern Santa Fe in 2010.

Read the complete story from USA Today.