CSX Corporation (CSX) Might Not Want The Union Pacific Deal, Says Jim Cramer

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 firm has come to the center of investor attention lately due to a potential merger between it and railroad giant Union Pacific. The reports of a deal are particularly close to Cramer’s morning show, as co-host David Faber was the first to discuss that potential deals could take place. This time, the CNBC TV host discussed why railroads were interested in consolidation:

“Well look they have a direct corridor, CSX, direct corridor connects South East Mexico, Texas, US Southeast. That’s Union Pacific. Why would you let that happen? Why would you make it so that you have two railroads that have that area and not make it so that there’s one. And I think Joe Hinrichs, the CEO of CSX, might not want this deal. He’s young. He took over the railroad. He just got there.”

Previously, Cramer recalled when he asked Faber about a potential CSX Corporation (NASDAQ:CSX) merger:

“[On Cowen taking it to buy] David, don’t you think that one of these is going to merge? [Mimicks David Faber with arms crossed and a grim look with pursed lips] And that means yes.

“CSX is going to merge with Union Pacific, am I off the rails? I am in charge of the rails. It’s just the way, the people refuse to believe that this is a different government.”

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Disclosure: None. This article is originally published at Insider Monkey.