Billionaire Daniel Loeb cuts Norfolk Southern stake, boosts CSX and Union Pacific holdings.

Billionaire investor Daniel Loeb adjusted his railroad industry investments in Q4 FY25 by reducing his Norfolk Southern stake by 41% to 975,000 shares while increasing his holdings in CSX Corporation with 500,000 new shares and doubling his Union Pacific shares to 1.81 million. This shift highlights Loeb's confidence in CSX and Union Pacific's growth potential despite Norfolk Southern's recent strong performance. Union Pacific is investing heavily in locomotive modernization and domestic steel sourcing, while CSX raised its dividend despite missing earnings estimates. Norfolk Southern beat earnings expectations but saw a slight revenue miss and formed a partnership to boost freight capacity in Atlanta. These moves suggest Loeb is positioning for long-term growth in select railroad companies amid industry modernization and strategic partnerships.