Consolidated Rail Corporation (CONRAIL)

In the spring of 1997, Norfolk Southern Corporation and CSX Corporation agreed to acquire Conrail through a joint stock purchase. The Surface Transportation Board officially approved the acquisition and restructuring of Conrail on July 23, 1998. The approved restructuring plan transformed Conrail into a switching and terminal railroad that operates on behalf of its owners, Norfolk Southern and CSX, in the Shared Assets Areas of Northern New Jersey, Southern New Jersey, Philadelphia, and Detroit.

Site URL: http://www.conrail.com
Date resource added: 12-Jun-2000
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