Transportation Secretary Elizabeth Dole says she’s not impressed with an investor group’s bid to purchase Conrail. A lot of others, including Sens. John Heinz and Arlen Specter of Pennsylvania, are – ...

A New York investment firm, proposing a public offering of Conrail stock, yesterday exchanged congressional hot seats with its competitor, Norfolk Southern Corp., in selling its proposal as the better ...

A group of large investors organized by Morgan Stanley & Co. has proposed to buy out the government`s 85 percent interest in the Consolidated Rail Corp., commonly known as Conrail, to return it to the ...

The dispute in Congress over which of two bidders will be allowed to purchase the Consolidated Rail Corp. (Conrail) from the federal government seems on the verge of becoming sidetracked. Conrail is ...

A proposal to sell Conrail to an investment group is gaining support, though a congressional stalemate persists over whether the federally owned freight line should be sold to the investors or to ...

If you owned a business that had $6 billion in assets and $800 million in cash, turned a $500 million profit last year and earned $210 million in the first half of 1985 — would you sell it for $1.2 ...

David LeVan, chairman of Conrail, will not get to lead one of the largest railroads in the United States, as he once planned. But he will get a $22 million golden parachute if federal regulators ...

John G. Kneiling, by profession a consulting engineer, wrote Trains Magazine’s Professional Iconoclast column for many years. His column called out perceived problems with the rail industry and ...

The days of Conrail will come alive again this weekend at the Railroad Museum of Pennsylvania in Strasburg. The museum, in conjunction with the Conrail Historical Society, will feature the equipment, ...