Delays and snafus grip rail freight
Article Abstract:
Rail-freight service in the US is dismantling continually. The disentegration started with problems at Union Pacific Corp., and has begun to manifest itself at other railroads as missed deliveries, late shipments and other mistakes. Tales abound of trains that arrived late at odd hours with perishables that had already perished. Ford Motor Co. has been left with 30,000 new pickup trucks and minivans sitting on company lots instead of being transported to destinations in a timely manner.
Comment:
Rail-freight svc in US is dismantling continually, beginning w/ disentegration at Union Pacific Corp and spreading to other rrs
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Neptune Orient Lines seeks a buyer for train network of its APL unit
Article Abstract:
Observers state that Neptune Orient Lines Ltd. is considering selling the North American train network of its US container-ship unit, APL. These observers, who are people close to the situation, state that the sale of the network could bring in about $300 million to $600 million that Neptune Orient could use toward the purchase of another shipping line of for reducing its debt. Analysts believe that APL's train network could be valuable because of the shortage of track on US railways.
Comment:
Neptune Orient plans to sell off APL's US train network
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Regulators could alter Conrail deal
Article Abstract:
Federal regulators are coming under increasing pressure to make major changes to the proposed $10 billion breakup of Conrail Inc. due to poor freight service and falling rail competition in the US. The Surface Transportation Board (STB) is studying several last-minute changes in routes and concessions before it approves the plan by CSX Corp. and Norfolk Southern Corp. to breakup Conrail.
Comment:
Fed regulators are coming under increasing pressure to make major changes to the proposed $10 billion breakup of Conrail
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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