CSX Corporation shares fall 1.08% intraday after Buffett shoots down talk of Berkshire railroad merger.

CSX Corporation declined 1.08% in intraday trading. The drop in stock price may be attributed to Warren Buffett's statement that he is not interested in a railroad merger with CSX, which could have been seen as a negative indicator for the company's future growth prospects. Additionally, Canadian Pacific Kansas City's decision to opt for alliances over further rail consolidation may have also contributed to the decline, as it suggests a lack of interest in potential mergers or acquisitions involving CSX.