Activist investor Ancora Holdings urges CSX to pursue mergers or replace CEO Joe Hinrichs, warning of potential loss once Norfolk Southern and Union Pacific unify. Ancora pushes for tie-ups with BNSF Railway and Canadian Pacific Kansas City, criticizing CSX for not engaging with Union Pacific earlier. CSX welcomes shareholder input, while the Brotherhood of Railroad Signalmen warns against prioritizing quick profits over long-term safety and service. Ancora’s letter comes as Union Pacific eyes an $85 billion deal with Norfolk Southern.

Read more at Yahoo Finance: Ancora urges CSX to pursue merger or replace CEO amid rail industry shakeup