The blockbuster deal raises the odds that Buffett’s Berkshire Hathaway, which owns the Burlington Northern Santa Fe railroad, will reach a deal with CSX to create a second transcontinental railroad. Union Pacific and BNSF compete in the western U.S., while CSX and Norfolk Southern are the two big Eastern railroads.

We recently published 12 Stocks Jim Cramer Discussed As He Said “Pilots Are Too Expensive”. CSX Corporation (NASDAQ:CSX) is one of the stocks Jim Cramer recently discussed. CSX Corporation (NASDAQ:CSX) is one of the biggest railroad companies in America.

The merger would create the United States’ first coast-to-coast rail network, spanning 50,000 miles and 43 states.