The companies about to divvy up the huge government-run Conrail system have certainly tried to do their homework. They bought extra locomotives, laid hundreds of miles of new track, tested computer ...
First, some history. To address the looming collapse of freight and passenger rail traffic in the East as a result of those railroad bankruptcies, Congress passed the Regional Rail Reorganization Act ...
Norfolk Southern Corp. (NYSE: NSC) and CSX Corp. (NYSE: CSX) announced Wednesday that they would close on their $10.3 billion acquisition of Conrail June 1. The two Virginia railroads also will begin ...
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