PHILADELPHIA — Conrail managers who lose their jobs when the Philadelphia-based railroad is carved up next year will receive up to two years of severance pay, plus enhanced pension and stock benefits ...

Conrail Inc. agreed late Friday to an amended merger agreement that allows suitors CSX Corp. and Norfolk Southern Corp. to split the railroad and end months of legal and corporate brawling. The ...

Conrail plans to abandon rail service between Telford and Quakertown, which could mean more trucks on the roads in Quakertown. Rudy Husband, a Conrail spokesman, said the company has filed an ...

Norfolk Southern Corp. is negotiating with CSX Corp. to buy as much as 60 percent of Conrail Inc.’s assets, which would require Norfolk Southern to pay $525 million more than originally expected, ...

The new owners of Consolidated Rail Corp. said Wednesday their plan to divide the U.S. Northeast’s primary railroad won’t create freight logjams similar to those in the western part of the country.

CSX Chairman John W. Snow said the company’s acquisition of 42 percent of Conrail for $4.3 billion will make CSX ”nothing less than a powerhouse company.” He termed the break-up of Conrail between CSX ...

PHILADELPHIA — Conrail stockholders, clearly looking for the most money, yesterday emphatically rejected a proposal that would have allowed CSX Corp. to proceed with its takeover of the huge railroad.

If anyone ever doubted just how set David Goode was on winning his long-shot battle for Conrail Inc., they had only to look in his office. There, on the bookshelf, he kept two tiny model trains – one ...

It may be the largest breakup of a railroad in U.S. history, but the dismemberment of Consolidated Rail Corp. could turn out to be good for Chicago, the nation’s historic rail center. Filings with the ...

Conrail plan filing delayed: CSX Corp. and Norfolk Southern Corp. said they plan to file their plan for the proposed $10.3 billion acquisition of Conrail Inc. with federal regulators in several days.

Norfolk Southern Corp. heads into federal court today in another attempt to foil CSX Corp.’s proposed $9.02 billion acquisition of Conrail Inc., in what may be a critical turning point in the heated ...

A sudden stop sent part of a freight train off the tracks, closing down the track for most of Saturday. The two people on the 96-car Conrail train – an engineer and conductor – were not injured.