July 31 (Reuters) - Railroad operator CSX (CSX.O) , opens new tab is working with Goldman Sachs (GS.N) , opens new tab to explore strategic options following a merger between its two major rivals, Bloomberg News reported on Thursday, citing people familiar with the matter.

Union Pacific (UNP.N) , opens new tab said on Tuesday it would buy smaller rival Norfolk Southern (NSC.N) , opens new tab in an $85 billion deal to create the first U.S. coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country.

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Reuters reported last week that CSX was in talks to bring on financial advisers.

"We welcome all opportunities that would allow us to deliver value for our shareholders, drive pro-growth and serve our customers better," CSX CEO Joe Hinrichs said on a post-earnings call last week.

Goldman Sachs did not immediately respond to a Reuters request for comment. CSX declined to comment.

https://www.reuters.com/business/csx-working-with-goldman-sachs-explore-strategic-options-bloomberg-news-reports-2025-07-31/