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Topic: Conrail

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	A THREE-WAY DEAL FOR CONRAIL-CSX-NORFOLK?
		Conrail Inc. narrowly lost a shareholder vote on Jan. 17 that it needed to move ahead with its planned sale to CSX Corp., but the fight now may move from the boardroom to the bargaining table.
		While Conrail is vowing to try for a second shareholder vote, both its officials and those of hostile bidder Norfolk Southern are hinting that they may be willing to cut a deal in three-way talks.
		So, unless the Conrail board decides simply to hang tough or it comes up with a way to prevail in a second shareholder vote, the most likely outcome of this railroad war now appears to be a negotiated settlement.
	www.businessweek.com /bwdaily/dnflash/january/new0117d.htm (476 words)

	- Giving Conrail a Green Light
		After the turmoil that had surrounded Conrail and its predecessor, the Penn Central, DOT was determined to ensure that Conrail was put on the kind of financial footing that would avoid the previous difficulties.
		Conrail has been only marginally profitable in the past, and a downturn in profits is expected in the coming years.
		Conrail is limited to the northeast and midwestern regions, while Norfolk-Southern operates mostly in the South.
	www.heritage.org /Research/SmartGrowth/IB113.cfm (3207 words)

	U.S. DOT Conrail Brief - 2/23/98
		A number of Conrail shippers who currently enjoy single-line service between origin and destination would receive joint-line service from CSX and NS after the transaction is consummated, and claim that they will be disadvantaged by this reduction in service.
		Conrail (or any monopoly-serving railroad) would be expected to exercise market power and extract monopoly rents if it were able to do so.
		Similarly, Kodak objects to the assignment of its Conrail contracts since the non-assignment clause in those contracts was intended by Kodak to short-circuit just such a forced assignment, and since it could as easily deal with either CSX or NS, both of which will serve its plant post-transaction.
	www.dot.gov /affairs/crbrief6.htm (4263 words)

	Economic Viability of Conrail
		Its principal findings are that Conrail appears to be a viable independent enterprise over the next decade under a broad range of conditions in both the economy in general and the railroad industry in particular, and that the value of the government's current holdings could range from $1.1 billion to $5.6 billion.
		Conrail is assumed to be a competitive price-taker on a systemwide basis--that is, it is too constrained by competition to raise its prices for reasons other than higher costs (which, presumably, affect other railroads and modes of transportation as well).
		Conrail, in both the base and low cases, would have sufficient cash to meet all of its obligations over the 10-year forecast period.
	www.cbo.gov /showdoc.cfm?index=5016&sequence=0 (2896 words)

	Michigan Conrail
		The base of Norfolk Southern and Conrail operations in Kalamazoo is Botsford Yard, along the Kalamazoo River east of downtown on the Michigan Central mainline.
		Currently, these locomotives all remain in Conrail Quality paint except for #3068, the first to receive NS colors and in their standard livery, and #3069, which received the new NS "horsehead" scheme in the spring of 2004.
		For a brief period from August to early October, Conrail painted GP40-2 #3059 was stationed in Kalamazoo to assist the local units, but it has since moved to Jackson.
	groups.msn.com /michiganconrail/conrailkalamazoo.msnw (863 words)

	CONRAIL
		Conrail's pending sale is on track to becoming one of the most watched developments in transportation history.
		Conrail was limited by labor agreements, according to Mike Smith, president of
		Conrail is expected to file a merger application with the Surface Transportation Board in March.
	home.twcny.rr.com /jimmymac3/conrail.htm (1299 words)

	CSX to buy Conrail for $8 billion (Site not responding. Last check: )
		Conrail, which the government created in 1970 from the remains of the Penn Central and other bankrupt railroads, was sold to the public in a 1987 public offering at about $15 per share.
		Conrail shares gained 141/8 to close at 851/8 on the New York Stock Exchange, while CSX shares fell 2¾ to 46¾.
		Conrail, with corporate headquarters in Philadelphia, operates an 11,000-mile rail freight network in 12 Northeastern and Midwestern states, the District of Columbia and the Canadian province of Quebec.
	www.chron.com /content/chronicle/business/96/10/16/conrail.html (690 words)

	CONRAIL THREAD FOR EVERYBODY!!!!!! - Trains.com Forums
		Um...no. Conrail is a former class 1 that got very succesful but ultimately got taken over by the bigger railroads in the continuing trend to have as few large systems as possible.
		The reason Conrail still remains is because there is now a lot of shared trackage that CSX and NS must use, and Conrail takes care of this and other lines that aren't part of the larger systems.
		Conrail uses engines from NS or CSX that still have their markings, thats about all.
	www.trains.com /TRC/CS/forums/26/820583/ShowPost.aspx (556 words)

	CSX and Conrail Amend Merger Agreement
		Conrail also announced that its Board of Directors carefully considered the relative merits of a merger with Norfolk Southern rather than with CSX, and unanimously reaffirmed that a merger with CSX is in Conrail's best interest and is the superior strategic combination for Conrail.
		This is especially significant since Conrail shareholders who receive CSX shares as consideration for their shares, will benefit from what we expect will be a substantial increase in the value of those shares.
		Conrail, with corporate headquarters in Philadelphia, PA, operates an 11,000-mile rail freight network in 12 northeastern and midwestern states, the District of Columbia, and the Province of Quebec.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/42013&EDATE= (1375 words)

	Conrail's Last Day in Fort Wayne
		Conrail Circus-500, the Ringling Bros. Circus Train, was the last Conrail train to run on the ex-Pennsy mainline east of Fort Wayne.
		Conrail "Circus Train 500" was the last Conrail train to use the Fort Wayne to Crestline main.
		Several of the trains that used to run on the Conrail Indianapolis Line through Muncie now run on the Huntington District and the segment between Hugo and Mike in Fort Wayne is now one of the busiest sections of railroad in Indiana.
	www.fwarailfan.net /conrail.htm (868 words)

	Conrail - P. Sherry University of Denver
		Conrail has completed interesting projects at two locations, a long distance district between Buffalo, NY and Toledo, OH and a short distance district between Elkhart, IN and Chicago, IL.
		This is not unusual in field studies and, reports from Conrail suggest that a control group was considered but determined to be both operationally and methodologically unfeasible due to the lack of a comparable control elsewhere on the system and the impracticality of splitting the Buffalo-Toledo pool into experimental and control groups.
		Conrail’s information systems allow engineers and conductors to access the arrival information about their specific train on-line from home computers.
	www.du.edu /~psherry/fatigue/conrail.html (4748 words)

	Conrail Cyclopedia
		Excellent selection of Conrail locomotive photos from the early rainbow days to the final SD70, plus surviving predecessors.
		Great scenic Conrail photos and wallpaper taken by railfans from across the country between 1976 and 1999.
		Layout tours featuring Conrail equipment, modeling projects, weathering articles, and much more from N to O scale.
	crcyc.railfan.net (311 words)

	Breakup of Conrail
		Conrail, in an attempt to improve its competitive position in the Eastern United States negotiated a merger with CSX Transportation.
		On June 2, 1997, Conrail agreed to a merger with CSX Transportation who promptly entered into an agreement with Norfolk Southern to divide Conrail's assets between them (pending approval of the Surface Transportation Board).
		On July 23, 1997 the STB ordered Conrail to form two wholly owned subsidiaries: New York Central Lines (NYC) and Pennsylvania Lines (PRR) consisting primarily of the old NYC properties and PRR properties.
	madisonrails.railfan.net /breakup.html (776 words)

	ConRail (#1018) (Site not responding. Last check: )
		Conrail began operations in April 1976, although its origins go back to the earliest days of railroading in North America.
		The oldest segment of what became Conrail was the Granite Railway Co., built in 1826 to carry granite blocks for the Bunker Hill Monument in West Quincy, Massachusetts.
		The federal government, recognizing the national economic importance of the six railroads, responded by creating Conrail and appropriating the funds needed to rebuild tracks, locomotives and freight cars.
	octrr.clarion.edu /CabooseMotel/conrail1018.html (298 words)

	GE B23-7 Photos: Conrail Cyclopedia
		Conrail purchased 141 2,500hp B23-7's between 1977 and 1979, with many staying on roster until the final days of Conrail.
		Conrail 1924 and another B23-7 are working the power plant local at Fort Drum, near Watertown, NY.
		CR 2800 was the first unit delivered to Conrail in their initial order of B23-7's in 1977.
	crcyc.railfan.net /locos/ge/7b23/b237.html (386 words)

	Conrail Detroit Shared Asset Area
		When CSX and Norfolk Southern carved up Conrail, the two giant railroads needed to preserve competition in certain regions where Conrail's physical plant could not be easily divided.
		The Conrail Detroit SAA, unlike the other two Conrail SAAs on the east coast, is primarily former New York Central System territory (the obvious exception to this is the Lincoln Secondary, which was the Pennsylvania Railroad's entry to the Detroit market).
		Conrail is dispatched by three different dispatchers of three railroads: Conrail, NS and CSX.
	knorek.com /RR/SAA/SAAIndex.htm (566 words)

	US CODE: Title 45,1347. Tax treatment of Conrail public sale
		For periods after the public sale, for purposes of title 26, Conrail shall be treated as a new corporation which purchased all of its assets as of the beginning of the day after the date of the public sale for an amount equal to the deemed purchase price.
		The deemed purchase price shall be allocated among the assets of Conrail in accordance with the temporary regulations prescribed under section 338 of title 26 (as such regulations were in effect on October 21, 1986).
		No deduction shall be allowed to Conrail for any amount which is paid after the date of the public sale to employees of Conrail for services performed on or before the date of the public sale.
	www.law.cornell.edu /uscode/45/15601.html (501 words)

	Conrail Course
		You must be on the administration database page to be allowed to work on-site at Conrail, for/with Conrail work groups, unless, as in the case of emergency or short notice work, special provisions are made to cover safety issues in a thorough on-site job safety briefing.
		Conrail’s rules and procedures are in the Conrail On-Track Safety Manual R3, which is available in.pdf format on this web site.
		In that situation, the worker must be trained according to Conrail’s policies and federal regulations to provide his or her own protection.
	www.contractororientation.com /main/conrail/conrailcoursepart2.htm (2406 words)

	Proposed CSX-Conrail Merger (Site not responding. Last check: )
		Conrail is the principal freight operator on that corridor and has a relationship with Amtrak that is governed by special laws.
		I understand this came about because Conrail was trying to acquire a particular bridge, but the way the statute is written, section 708 of the Staggers Act, it declares Conrail to be a Federal agency solely for purposes of obtaining surplus military property from the Department of Army.
		There was an agreement reached between Conrail and its labor unions to propose a revision of the flowback provision identified earlier, and that of course did not happen because the Amtrak bill was not enacted.
	commdocs.house.gov /committees/Trans/hpw104-78.000/hpw104-78_0.htm (16477 words)

	Conrail Passenger Trains
		The very first public timetable to have the Conrail name and 'can opener' logo on it was the Boston suburban Form 71 timetable covering the former New Haven and Boston and Albany commuter services.
		Also in New Jersey, Conrail inherited the RDC service on the former Pennsylvania-Reading Seashore Lines from Lindenwold, NJ to Atlantic City, Ocean City, and Cape May. This undated timetable is from 1976 or 1977.
		By the end of 1978, Conrail's name and 'can opener' logo were nowhere to be seen on a passenger timetable, although the services were still provided by Conrail employees and equipment.
	fp.users.fast.net /jprock/conrail_passenger_trains.htm (478 words)

	Conrail hearings update
		Conrail has been the dominant rail carrier throughout the Northeast since Congress created it in 1976 out of six bankrupt railroads.
		The remainder of Conrail's system generally would go to one carrier or the other.
		Some shippers believe that because the Conrail monopoly was a government-created one, a government entity ought to break it up.
	www.ble.org /pr/archive/conrailhear3.html (441 words)

	Conrail
		During its first 25 years, Conrail became one of the most familiar modern railroads, a freight line that connected most of the Northeast’s population centers; and was renowned for its clean locomotives, tight schedules and frequent heavy freight trains.
		This comprehensive and gorgeously illustrated 144-page hardcover examines Conrail’s motive power and rolling stock, its yards and terminals, and its most interesting routes, and its operations.
		Much of the information is gleaned from interviews with former Conrail employees.
	www.heimburgerhouse.com /railfan_books/conrail.htm (106 words)

	Conrail's Extinct Species
		Conrail was formed in 1976 from the rubble of the bankrupt Penn Central (the largest bankruptcy in the nation's history), five other bankrupt northeastern railroads (Erie Lackawanna, Reading, Lehigh Valley, Jersey Central, and Lehigh and Hudson River), the ailing Pennsylvania-Reading Seashore Lines, and some other shortlines.
		Conrail's mission was to standardize, modernize, and replace this fleet.
		Conrail's early "rainbow era" was rapidly ending when I took this photo.
	fp.users.fast.net /jprock/crx_roster.htm (319 words)

	Unforeseen circumstances tell the tale of Conrail's lease - Philadelphia Business Journal: (Site not responding. Last check: )
		Conrail eventually became another example of how the city can swiftly lose corporate tenants and thousands of jobs through a merger.
		At that time, Conrail was one of the city's largest tenants, the country's fifth largest railroad, and was finally turning a profit.
		The first five years, Conrail's rent bill was $28 a square foot and escalated to $40 a square foot for the last five years.
	www.bizjournals.com /philadelphia/stories/2006/09/11/story4.html?jst=s_cn_hl (894 words)

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