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BUSINESS
January 24, 1997 | Times Staff and Wire Reports
CSX Corp. Chairman John Snow said that if his company wins Conrail Inc., rival bidder Norfolk Southern will be offered control of a significant share of rail lines to New York, Philadelphia and Baltimore. Sharply switching strategy, Snow said that he and Conrail Chairman David LeVan are committed to consolidating the big three Eastern railroads into "two strong systems" that would be equal competitors. Richmond, Va.-based CSX and Philadelphia-based Conrail on Oct.
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BUSINESS
June 9, 1998 | From Associated Press
Two rail carriers will be allowed to carve up Conrail Inc. but they must submit detailed reports to prevent a service meltdown like the one that continues to plague the marriage of Union Pacific Corp. and Southern Pacific in the West, regulators ruled Monday. In approving the $10-billion plan by CSX Corp. and Norfolk Southern Corp.
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BUSINESS
June 9, 1998 | From Associated Press
Two rail carriers will be allowed to carve up Conrail Inc. but they must submit detailed reports to prevent a service meltdown like the one that continues to plague the marriage of Union Pacific Corp. and Southern Pacific in the West, regulators ruled Monday. In approving the $10-billion plan by CSX Corp. and Norfolk Southern Corp.
BUSINESS
March 3, 1997 | Times Staff and Wire Reports
The battle over Conrail Inc. could end soon with an agreement to split the company's rail lines between Norfolk Southern Corp. and CSX Corp., the Washington Post reported. The newspaper, citing unidentified sources, said an agreement could be announced this week if approved by Conrail's board of directors. The plan would divide Conrail roughly in half, while giving all railroads access to major terminal areas, the Post said. It would give both Richmond, Va.
BUSINESS
March 3, 1997 | Times Staff and Wire Reports
The battle over Conrail Inc. could end soon with an agreement to split the company's rail lines between Norfolk Southern Corp. and CSX Corp., the Washington Post reported. The newspaper, citing unidentified sources, said an agreement could be announced this week if approved by Conrail's board of directors. The plan would divide Conrail roughly in half, while giving all railroads access to major terminal areas, the Post said. It would give both Richmond, Va.
BUSINESS
January 24, 1997 | Times Staff and Wire Reports
CSX Corp. Chairman John Snow said that if his company wins Conrail Inc., rival bidder Norfolk Southern will be offered control of a significant share of rail lines to New York, Philadelphia and Baltimore. Sharply switching strategy, Snow said that he and Conrail Chairman David LeVan are committed to consolidating the big three Eastern railroads into "two strong systems" that would be equal competitors. Richmond, Va.-based CSX and Philadelphia-based Conrail on Oct.
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