Word: conrail
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...course, in industries where mistakes can cost lives. Since 1975, about 50 train accidents have been attributed to drug- or alcohol- impaired workers. In those mishaps, 37 people were killed, 80 were injured, and more than $34 million worth of property was destroyed. In 1979, for instance, a Conrail employee was high on marijuana at the controls of a locomotive when he missed a stop signal and crashed into the rear of another train at Royersford, Pa. The accident killed two people and caused damages amounting...
...Grass-roots organizations sometimes collide. Lobbyist Jack Albertine recently established the Coalition to Encourage Privatization. Its public policy purpose: to enable private enterprise to run services now performed by the Government. Its more immediate goal: to persuade Congress to sell Conrail to the Norfolk Southern railroad. In the meantime, Anne Wexler has been building the Coalition for a Competitive Conrail, a farm-dominated group pushing for Morgan Guaranty as the prospective purchaser...
Such impressive figures bolster the White House argument that privatization could save taxpayers billions of dollars annually at the federal level. The Administration's most important initiative in that direction has been its proposal to sell Conrail, the Government-owned railroad formed from the remains of the bankrupt Penn Central, to Norfolk Southern, a private railroad, for $1.2 billion. Said President Reagan in a talk two weeks ago: "Government ownership is no way to run a railroad. When the private sector can deliver better service for less money than the public sector, as it can with Conrail, then the Government...
...Transportation Department received 15 bids for Conrail and last September narrowed the candidates to three: Norfolk Southern, the Alleghany Corp. of New York City and an investor group led by Hotelier J. Willard Marriott Jr. Two weeks ago, all 19 of Conrail's unions voted to recommend the Alleghany bid because the firm promised a more lucrative wage- and-job-protection package...
Opponents vow to fight the plan in Congress, which must approve the sale. Chairman Hays Watkins of rival CSX promises that the sale "will be resisted by every resource at our command and in every forum where the challenge can be brought." Conrail Chairman L. Stanley Crane, a retired president of Southern Railway who took over in 1981, opposes the sale to any of the bidders because he thinks the asking price is too low. He wants instead to sell the company through a public stock offering. Republican Senator John Heinz of Pennsylvania agrees with that plan because it would...