A proposal to sell Conrail to an investment group is gaining support, although a congressional stalemate persists over whether the federally owned freight line should be sold to the investors or to ...

Labor unions` endorsement of Alleghany Corp.`s $1.2 billion offer for Conrail and extensive opposition to Norfolk Southern Corp.`s rival offer apparently has given Alleghany an edge in bidding for the ...

Aha, say the aha-sayers. Conrail’s net income and total revenues dropped in the second quarter and first half of thisyear from year-ago levels. That proves Conrail can’t survive as an independent ...

Some shippers from the northeastern and midwestern parts of the country yesterday voiced strong skepticism that any of the top contenders for purchase of the Consolidated Rail Corp. would maintain ...

Conrail, the government-owned railroad that was considered a basket case by the industry just five years ago, is an attractive bride since being nursed back to financial health by her Uncle Sam. But ...