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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 29, 1977
Page
5
Conrail outlines nine months results showing heavy repairs completed on locomotives and cars, with 42 percent of the fleet to be overhauled by year end. It notes new locomotives ordered and freight cars added, track and Crossties improvements, and a decline in derailments, but warns that costs rise as equipment deteriorates and revenue prospects lag forecasts.
Conrail trims slow line usage to sharpen focus on high demand routes. The railroad serves the Industrial Heartland with vast volume including 76 million tons of coal, 42 million tons of metals, 14 million tons of transportation equipment, and 20 million tons of food. Decision aims to sustain profits and fund marketing.
Conrail is a private for profit corporation created by law and began operations on April 1 1976 by taking over parts of six bankrupt carriers. It primarily runs freight in the Northeast and Midwest with limited Canadian service and provides personnel and maintenance under contract to commuter authorities. Federal funding is a loan and it operates 17000 route miles across 16 states DC and two Canadian provinces with about 94000 employees. Daily freight activity includes 272.4 million freight-ton miles and 1386 trains.
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