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 ...

The Reagan administration Wednesday defended its antitrust study of the proposed sale of Conrail to Norfolk Southern Corp. before a Senate panel that predicted the administration faces ”a long and ...

Conrail clerk Tom Mullin seems numbed by the transition that rail service has gone through in recent years. He says the sale of Conrail toNorfolk Southern Corp. would not make much difference. The ...

The dispute in Congress over which of two bidders will be allowed to purchase the Consolidated Rail Corp. (Conrail) from the federal government seems on the verge of becoming sidetracked. Conrail is ...

CHUGGING ALONG. The Senate Tuesday approved and sent to the House the Reagan administration’s plan to sell Conrail, the government-owned freight railroad, to Norfolk Southern Corp. for $1.2 billion.

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 ...