Proposed CSX-Conrail Merger
1997-03-20T19:59:49-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvY2JkXC8xOTk3MDMyMDIxMDgxOTAwMl9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The Senate Transportation subcommittee heard testimony from northeastern governors, CSX officials and others concerning the equal division of Conrail between CSX and Norfolk Southern. Witnesses testified about the impact of the buy out, both on Conrail employees and freight prices. Senator Warner testified in support of the merger. In January 1997, Conrail shareholders rejected the CSX buy out plan forcing this alternative proposal to a joint buy out with Norfolk Southern.
The Senate Transportation subcommittee heard testimony from northeastern governors, CSX officials and others concerning the equal division o… read more
The Senate Transportation subcommittee heard testimony from northeastern governors, CSX officials and others concerning the equal division of Conrail between CSX and Norfolk Southern. Witnesses testified about the impact of the buy out, both on Conrail employees and freight prices. Senator Warner testified in support of the merger. In January 1997, Conrail shareholders rejected the CSX buy out plan forcing this alternative proposal to a joint buy out with Norfolk Southern. close
People in this video
- Thomas Downs President (Former) Amtrak
- Robert Evans Chair National Industrial Transportation Cmte.->Railroad Subcommittee
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- David Goode Chairman and CEO Norfolk Southern Corporation
- John Haley Secretary New Jersey->Transportation
- Michael Hawbaker President Hawbaker Highway Construction Company
- Brad Mallory Secretary Pennsylvania->Transportation
- Linda Morgan Chairman Surface Transportation Board
- Tim O'Toole Vice President Conrail Corporation->Government Affairs
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- George Warrington President Amtrak->Northeast Corridor
- Hugh Welsh Deputy General Counsel Port Authority of New York and New Jersey
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