Norfolk to Buy Conrail
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Associated Press
WASHINGTON — The Transportation Department announced today it has chosen the Norfolk Southern Corp. as the purchaser of Conrail, the government-owned freight line it has been trying to sell for two years.
The merger of the two Eastern railroads, if approved by Congress, would create the country’s largest rail system stretching across 34,000 miles of track from Boston to New Orleans and as far west as Kansas City. The two railroads’ combined revenue was more than $6 billion in 1983.
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