HOUSE LEAVES AUTOMATIC CUTS INTACT FOR FISCAL 1986. In a move that may well foreshadow the rest of the legislative year, Republicans tried unsuccessfully to force the Democratic-controlled House to ...

The longer it takes for Congress to approve the sale of Conrail, the higher the price seems to rise, but the price still is not right, a key House member said yesterday. The House Energy and Commerce ...

Bowing out of the fray over Conrail`s sale last week, Norfolk Southern Corp. paved the way for a public sale of the federally owned freight line. But the government`s push to unload Conrail still ...

Norfolk Southern Corp. Friday bowed to Transportation Secretary Elizabeth Dole and increased its bid for Conrail to $1.9 billion from $1.2 billion. Dole had urged Norfolk Southern earlier this week to ...

HIGHER OFFER. An investor group headed by First Boston Corp. has raised its bid for Conrail from $1.65 billion to $1.8 billion. The Reagan administration has proposed selling the federally owned ...

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 ...

John G. Kneiling, by profession a consulting engineer, wrote Trains Magazine’s Professional Iconoclast column for many years. His column called out perceived problems with the rail industry and ...