NPR's Eric Westervelt reports the long battle for Conrail, the northeast's dominant railroad, appears to be coming to an end. Conrail's Board of Directors has approved a $10.5 billion buyout offer from Richmond, Virginia based CSX. CSX will then sell significant parts of Conrail to its main competitor, Norfolk Southern. Analysts say the breakup of Conrail will bring some much-needed competition to the Northeast.
Copyright 1997 NPR