CSX railroad's profit slipped 14% in the second quarter even though the volume of shipments it delivered remained flat as it continued working on two major construction projects on its network.

CSX Corp. Chief Executive Officer Joe Hinrichs said he’s open to merger talks with other companies amid reports that Union Pacific Corp. and Norfolk Southern Corp. are discussing a combination.

Union Pacific Considering a Norfolk Southern Buyout, Report Says. Here’s What Will Matter. Union Pacific is in talks to merge with Norfolk Southern, The Wall Street Journal reported Thursday, in a ...