Warren Buffett just told CNBC his plan for trains. The stocks are moving

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.

CNBC

Warren Buffet is not in the market to buy another railroad, he told CNBC’s Becky Quick on Monday.

But Buffett and Greg Abel did meet with CSX CEO Joseph Hinrichs in Omaha on Aug. 3 where they discussed greater cooperation.

CSX shares fell more than 5% on the news.

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