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Consolidated Rail reports first quarter loss amid large rehabilitation
Consolidated Rail Corporation Conrail reports a 34.432 million dollar loss for April to June 1976, its first quarter since startup on April 1 1976. Revenue total 835.863 million with 25 million common shares outstanding. CEO Edward G. Jordan notes progress, but warns one quarter is insufficient to judge trends as heavy track work and locomotive shortages affect near term results.
MENTIONED IN THIS ARTICLE
Consolidated Rail Corporation
Conrail
Canada
District of Columbia
Northeast
Midwest
Penn Central
Erie Lackawanna
Reading
Central of New Jersey
Lehagh Valley
Lehigh
Hudson River
ICC
Edward G. Jordan
Jordan
Conran
U.S