Conrail was created from the ruins of Penn Central and six other Eastern railroads 10 years ago. The government invested $7 billion in this effort; the freight line now has $1 billion in cash and ...

Also, Shaffer said the companies have offered to pay Conrail for the level of rail service they used in 1983, even if they fall below that amount when service is restored.

An investor group led by Morgan Stanley & Co. sweetened its bid for Conrail by $200 million in cash, to $1.4 billion, saying the higher price is justified because of the freight railroad`s strong ...

Summonses will be mailed from the office of District Justice Ralph Beck. Police said a Conrail train blocked the crossing at 12th and Vultee streets for 34 minutes late yesterday afternoon.

Norfolk Southern offered a package it valued at $1.9 billion for Conrail, including $1.4 billion in new cash and about $500 million from Conrail’s treasury and its pension fund.

In 1987, an Amtrak train and a Conrail train collided in Chase, Maryland. The cause of the crash turned out to be an engineer and a brakeman who were high. See photos.

CHERRY HILL, N.J. -- Conrail has asked a judge to dismiss an emergency responder's lawsuit arising from last year's train derailment in New Jersey, saying the man can cite no actual damage from ...