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 ...

Illinois` two U.S. senators vowed Tuesday to block the Reagan administration`s plan to sell government-owned Conrail to Norfolk Southern Corp., a move they said would eliminate 10,000 railroad jobs ...

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 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 ...

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 ...

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 ...