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 ...
The potential merger between Union Pacific and Norfolk Southern has stirred up lots of talk and speculation around its ...
Conrail Inc. agreed late Friday to an amended merger agreement that allows suitors CSX Corp. and Norfolk Southern Corp. to split the railroad and end months of legal and corporate brawling. The ...
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 ...
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 ...
Two freight trains collided Tuesday morning, sending more than a dozen boxcars and three locomotives off the tracks in Momence, just 11 miles east of the site of last week’s Amtrak crash that killed ...
More than a dozen freight cars and locomotives jumped their tracks Tuesday when two trains collided at a rail intersection in Momence, just 11 miles east of last week’s fatal Amtrak crash. Many of the ...
Conrail’s Board of Directors has named Timothy Tierney President and Chief Operating Officer, effective April 1. Tierney succeeds Ronald Batory, who is retiring after nearly 46 years in the railroad ...
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