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 ...

First, some history. To address the looming collapse of freight and passenger rail traffic in the East as a result of those railroad bankruptcies, Congress passed the Regional Rail Reorganization Act ...

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, the freight railway with 7,200 miles of track in Pennsylvania, is riddled with safety problems stemming from mismanagement and human error, according to a Federal Railroad Administration ...

Richard D. Sanborn’s sudden death has left the railroad industry in shock and analysts guessing what’s in store for Conrail. Sanborn, Conrail’s president, chairman and chief executive officer, died of ...

CARTERET - Mayor Daniel Reiman issued a statement criticizing CONRAIL as "irresponsible" and renewed his call for the State to reject a plan to expand the tracks currently situated within yards of a ...