CSX may also be responding to activist pressure, the TD Cowen analysts said. Ancora Holdings has been pushing CSX to either pursue a deal with a rival or replace its chief executive, The Wall Street Journal reported this month.

CSX Corporation (NASDAQ:CSX) (CSX) and BNSF today announced several new intermodal service products that will offer customers seamless, efficient, coast-to-coast solutions to ship between the western and eastern U.

(Reuters) -CSX and Berkshire Hathaway-owned BNSF on Friday announced new coast-to-coast services to boost freight connectivity in the United States. Shares of CSX fell about 6% after the announcement, but are up about 5% so far this year. The new routes will link Southern California with Charlotte, North Carolina, and Jacksonville, Florida.