Norfolk Southern Corp. dramatically upped the bidding for Conrail Inc., topping CSX’s recent offer by nearly $1 billion yesterday and threatening to launch a hostile takeover if necessary. While the ...

Norfolk Southern Corp. has abandoned its latest effort to acquire Conrail because a hostile takeover would be too expensive and the chances for success are slim, according to railroad-industry sources ...

PHILADELPHIA -- Touching off a bidding war yesterday for dominance of the rail freight industry east of the Mississippi, Norfolk Southern offered to pay $9.15 billion for Conrail Inc. -- $1 billion ...

PHILADELPHIA -- CSX Corp. announced yesterday it plans to buy Conrail Inc. for $8.4 billion to create the nation's third-largest railroad with all its tracks concentrated in the eastern half of the ...

CSX Corp. agreed Tuesday to buy Conrail Inc. for $8.4 billion in cash and stock, creating a freight company that will dominate rail delivery in the eastern United States. The combined company would ...

New offer for Conrail: Norfolk Southern Corp. offered Conrail Inc. shareholders $100 a share in cash, or $9 billion, topping the $7.8 billion in cash and stock that rival CSX Corp. agreed to pay for ...

Nine empty railroad freight cars and two locomotives derailed at Conrail’s Classification Hump Yard in Allentown shortly after noon yesterday. No one was injured and Conrail expected to have the cars ...

Conrail Inc. and Guilford Rail System, a New England regional railroad, will offer rail shipping service by Jan. 1 between Maine and Chicago. Called DownEast Express, it will offer customers a single ...