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NEWS
February 2, 1988 | By REGINALD STUART, Daily News Staff Writer
Officials at Conrail yesterday took sharp exception to a federal report highly critical of the railroad's safety operations. The 800-page report by the Federal Railroad Administration, the government's top rail-safety enforcement agency, charged that there were widespread shortcomings in Conrail's safety operations. The problems are not serious enough to shut the railroad down, FRA Administrator John Riley said at a news conference. "By the same token, however, we have levied more than 1,700 violations on the railroad," Riley said.
NEWS
April 28, 1986
L. Stanley Crane, chairman and chief executive officer of Conrail, has given a persuasive update on reasons why Congress should keep the railroad independent and not sell it to Norfolk Southern Corp. Testifying in Washington Wednesday before the Senate Appropriations subcommittee on transportation, he presented the basic arithmetic to dramatize that the proposed sale actually would be a giveaway. Conrail has $939 million in cash and $360 million in overfunded pension assets for a total of about $1.3 billion.
BUSINESS
April 23, 1993 | Daily News Wire Services
Conrail's stock fell more than 9 percent on Wall Street yesterday, as traders responded to the company's report of a $28 million first-quarter net loss and to ratings downgrades by two analysts. Shares of the Philadelphia-based Conrail fell 5 3/8, or 9.4 percent, to 51 3/4, on the New York Stock Exchange. It was the NYSE's sixth-largest drop, in percentage terms. Volume was active at 2.2 million shares. There also was a trading delay on the stock. On Wednesday, Conrail reported a net loss of $28 million, or 39 cents a share after charges, vs. a profit of $38 million, or 42 cents a share, in the year-ago period.
BUSINESS
May 8, 1986 | By Tom Belden, Inquirer Staff Writer
Norfolk Southern Corp. said yesterday it "will consider" a Transportation Department request to raise its offer for Conrail by $700 million, to $1.9 billion, company chairman Robert B. Claytor said in a terse statement. Neither Claytor nor other executives of Norfolk Southern, which has fought an almost two-year struggle to acquire Conrail, indicated when a decision would be made. In a letter sent Tuesday to Rep. John D. Dingell (D., Mich.), chairman of the House Energy and Commerce Committee, Transportation Secretary Elizabeth Hanford Dole suggested that Norfolk Southern should increase its bid. Dingell said last week - and reiterated Tuesday - that he considers Dole's plan to sell Conrail to Norfolk Southern fatally flawed, primarily because of its anti-competitive consequences.
NEWS
January 3, 1986
In testifying at numerous congressional hearings, Norfolk Southern Corp. executives issued frequent reminders that their offer to buy Conrail might expire at the end of last year. They apparently hoped the warning would pressure Congress to approve the sale without carefully considering other options. They even hinted that, if the offer were extended beyond Dec. 31, the price might be reduced - a clumsy attempt to persuade Congress that Conrail could have a bad year in 1985 and its value might decline.
NEWS
February 15, 1986
If you want to know what being in limbo is like, ask the Conrail employees. Although we don't want Norfolk Southern to buy us, it's hell not knowing what's going to happen to us. Between President Reagan and Secretary of Transportation Elizabeth Dole, they want to get rid of Conrail, which is a money-making enterprise. Do they take a high bid? No, the lowest. Do they concern themselves with antitrust laws? No, they try to change them to suit themselves. Do they care about the employees who will lose their jobs?
BUSINESS
April 30, 1992 | by Rose DeWolf, Daily News Staff Writer
Take that, Conrail. Boom! Bang! Biff! In a speech in Philadelphia yesterday, Robert J. Ritchie, president of CP Rail System, attacked Conrail and suggested that a new law might be needed to force Conrail to act like a good corporate citizen. Ritchie was the closing speaker for a two-day seminar on rail freight issues sponsored by the Delaware River Regional Planning Commission. He pointed out that CP Rail, parent of Canadian Pacific Railroad, bought the local Delaware & Hudson Railroad last year.
BUSINESS
September 12, 1990 | By Rose DeWolf, Daily News Staff Writer
Conrail will not confirm reports that either Pittsburgh or Indianapolis will be selected as the site of a new national customer service center. Reports to that effect have come from the Pennsylvania Department of Commerce and from an Indianapolis city official, according to the Associated Press. The center will consolidate the 10 existing centers, one of which is in Philadelphia, that now handle customer orders for freight cars. Conrail spokesman David Neurohr said that the decision on where the center will be located will be made later this year and Conrail will make no statement about locations being considered.
BUSINESS
January 25, 1990 | By Rose DeWolf, Daily News Staff Writer The Associated Press contributed to this report
Members of the Brotherhood of Maintenance of Way Employees union walked informational picket lines yesterday to protest plans by Conrail to cut its capital expense and maintenance budget, which could reduce jobs at the company. Pickets appeared at Conrail's engine house, on River Road in Camden, and at seven other locations in Pennsylvania, New Jersey, Ohio and Indiana. The union, which has been attempting to negotiate a new contract for the past 20 months, also accuses Conrail management of failing to negotiate in good faith.
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NEWS
September 26, 2014 | By Angelo Fichera, Inquirer Staff Writer
A state legislator representing Paulsboro is asking law enforcement officials to consider whether criminal charges may be fitting against the rail company, which was faulted in the 2012 train derailment and chemical spill in the borough. Assemblyman John J. Burzichelli (D., Gloucester) sent letters dated Tuesday to the U.S. Attorney's Office in Newark as well as to the New Jersey Attorney General's Office. His request was prompted by the findings of a lengthy investigation by the National Transportation Safety Board, which concluded this summer.
NEWS
September 21, 2014 | By Angelo Fichera, Inquirer Staff Writer
A string of weather stations will be placed near I-295 and rail lines to assist Gloucester County officials should an event like the 2012 Paulsboro train derailment and toxic leak occur again. The county Prosecutor's Office announced this week that it had secured $150,000 in funding to buy and maintain nine of the devices, which officials say can help them make critical decisions during emergencies. The stations can measure wind speed and direction, temperature, humidity, and barometric pressure.
NEWS
August 9, 2014 | By Angelo Fichera, Inquirer Staff Writer
The incessant banging of a pile driver Thursday marked another day of construction in the replacement of the East Jefferson Street Bridge over Mantua Creek in Paulsboro - the setting of a notorious train accident nearly two years ago. Though it was a sign of progress, it was to some an irritating reminder. "We're quite pleased that there's work going on," said Assemblyman John J. Burzichelli (D., Gloucester), but he added that the noise drowning out much of the early-afternoon news conference demonstrated "how the railroad conducts itself.
NEWS
August 3, 2014 | By Angelo Fichera, Inquirer Staff Writer
With a yellow hat and golf cart emblazoned with his nickname, John "Gig" Gigliotti has perhaps become as iconic on the Wildwood Boardwalk as the yellow tram cars he oversees. A former Conrail train conductor, the 85-year-old West Deptford resident returns to his North Wildwood home each summer, and to his job supervising eight 5-m.p.h. electric trains that transport boardwalk goers along the two-mile stretch. The service has been a staple since 1949. It's frequent that workers at the eateries and stands along the boardwalk call out "Giggy" as he drives up and down the planks during 16-hour days, seven days a week, April through September.
NEWS
July 31, 2014 | By Clark Mindock, Inquirer Staff Writer
There was fog outside the Church of the Lord Jesus Christ in Paulsboro when Jesse Campbell left morning prayer service around 7 a.m. on Nov. 30, 2012, to go home. He said Tuesday he didn't know at the time that the fog was vinyl chloride that leaked during a train derailment or that it could contaminate the borough's air. It was several days before he was stopped by Paulsboro police from going to his shop, where he details cars and does auto repair work, and told he needed to evacuate the area, he said.
NEWS
July 31, 2014 | BY JASON NARK, Daily News Staff Writer narkj@phillynews.com, 215-854-5916
AN AFTERNOON TRAIN rolled out of Paulsboro yesterday, a moving chain of black and gray chemical tankers curving away after passing over Mantua Creek, just a few hours after some long-awaited news had rolled into the Gloucester County town. Earlier in the day, 130 miles away in Washington, D.C., the National Transportation Safety Board met to review the developments that had occurred before, during and after a Conrail train derailed and released a toxic cloud of vinyl chloride in the tough, 2-square-mile town along the Delaware River on Nov. 30, 2012.
NEWS
June 11, 2014 | By Walter F. Naedele, Inquirer Staff Writer
Robert J. Yarsinsky, 86, of Mount Laurel, who retired in 1990 as administrative assistant to the chief engineering officer at Conrail, died of cardiac arrest Friday, June 6, at Virtua Memorial in Mount Holly. Born in Haverstraw, N.Y., Mr. Yarsinsky graduated from Haverstraw High School and began his railroad career as a timekeeper on the New York Central, a son, John, said. Mr. Yarsinsky was an Army combat medic from December 1951 to October 1952, during the conflict in Korea, and then returned to the New York Central.
NEWS
March 22, 2014 | By Walter F. Naedele, Inquirer Staff Writer
  John P. Arango IV disliked organized sports, including politics. In all his 91 years, daughter Cheryl Overbey said, "he went to one football game, and that was enough. " The names of the teams are lost to memory. Whether football or baseball or ping-pong, "he could wait to hear the score and that was good enough for him. " As for politics, she said, "he didn't trust any politician. " On Sunday, March 16, Mr. Arango, 91, of Blackwood, who retired in 1983 as a payroll clerk for Conrail, died at home.
NEWS
January 21, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Stanley S. Frazee Jr., 82, of Wyndmoor, a retired Conrail lawyer, died Monday, Jan. 13, of cancer at Keystone Hospice in Wyndmoor. Mr. Frazee was a former associate general counsel for Consolidated Rail Corp. (Conrail) and its predecessors - the Pennsylvania Railroad Co. and Penn Central Transportation Co. After retiring from Conrail in the 1990s, Mr. Frazee at different times was associated with the Philadelphia law firms Gallagher, Reilly & Lachat and Hohn & Scheuerle. He retired for good in the 2000s.
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