May 19, 1988 |
Conrail is "cautiously optimistic" that Congress won't act this year on legislation to limit some of the freedom that railroads have to set freight- hauling rates, chairman L. Stanley Crane told stockholders yesterday. However, "you never can tell for sure what Congress is going to do," Crane said at Conrail's first regular stockholders' meeting since the Philadelphia railroad became a private-sector company in March 1987. Legislation to amend the Staggers Rail Act, which deregulated the rail industry, and place greater control on some of the rates that railroads charge to haul freight passed the transportation subcommittee of the House Commerce Committee last year.
June 21, 1996 |
A bridge inspector in a cherry picker hangs off the Walk Whitman Bridge yesterday after the crane holding his bucket tipped over. The man, an employee of A.G. Lichtenstein engineers, dangled for 15 minutes before being brought to safety, according to Delaware River Port Authority spokesman Joe Diemer. The inspector's bucket was suspended from a crane parked in a closed, eastbound lane of the bridge. "Apparently the truck tipped at least a little bit," Diemer said. He said he didn't know how much danger the man was in or who rescued him.
November 21, 1993 |
Borough Council President Mitch Crane thinks it's time to place this town's economic future in the hands of someone who knows what to do. With the downtown business district pockmarked with vacant storefronts and a multitude of shopping malls only minutes away, the time has come for West Chester to hire someone to promote its downtown shopping district full time, Crane said. At Wednesday night's Borough Council meeting, he proposed creating a new job for a "commerce director," who would be charged with luring both new businesses and new customers onto West Chester's scenic streets.
April 24, 1986 |
Conrail has $1.3 billion in the bank. Norfolk Southern Corp. has offered to pay $1.2 billion for the federally owned railroad. That math doesn't add up, Conrail chairman L. Stanley Crane said yesterday. "If today were the closing date on a sale (of Conrail) . . . all of these cash assets would be acquired by Norfolk Southern," Crane told a Senate subcommittee. "Thus, for its $1.2 billion agreed-upon price in June 1984, Norfolk Southern in April 1986 would acquire the full $939 million cash balance and the $360 million in overfunded pension assets - not to mention hundreds of millions of dollars in tax benefits.
July 15, 1998 |
A firefighter in a crane soaks down the area of the Kimberton Food Market on Prizer Road in East Pikeland Township, protecting it from the flames raging next door in a three-alarm fire at the Detwiler Foundry yesterday. The firefighters were able to save the market.