Deals
CSX Is Said to Work With Goldman Sachs to Explore Options
A train at the CSX Intermodal Terminals rail yard in Fairburn, Georgia.
Photographer: Megan Varner/BloombergCSX Corp. is working with Goldman Sachs Group Inc., people familiar with the matter said, as the company explores options to participate in rail consolidation after two major rivals announced a merger.
The Jacksonville, Florida-based freight operator has spoken with the Wall Street bank about the merits of a merger, according to the people, who asked not to be identified discussing confidential information. Considerations may not lead to any transaction, the people said.