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(erielack) Fw: Agreement Announced on Conrail's Olean Secondary Track

In answer to the obvious question (what's IN the deal?), I do not know.  If
I find out soon and if I am permitted to do so, I'll pass it along.

Larry De Young

- -----Original Message-----
From: "nsinfo_@_nscorp.com" <nsinfo@nscorp.com>
To: "intermodalist_@_prodigy.com" <intermodalist@prodigy.com>
Date: Wednesday, June 03, 1998 8:02 AM
Subject: Agreement Announced on Conrail's Olean Secondary Track


>June 2, 1998
>
>Agreement Announced on Conrail's Olean Secondary Track
>
>    NORFOLK, VA - Norfolk Southern Corporation (NYSE: NSC), the New
>York State Department of Transportation (NYSDOT) and the Southern Tier
>West Regional Planning and Development Board (STW) today announced an
>agreement concerning service on Conrail's Olean Secondary Track.
>    The agreement provides for the preservation of certain rail service
>and maintenance standards on the line, commonly known as the "Southern
>Tier Extension." The 145-mile light-density line runs from Hornell
>through Olean, Jamestown and Salamanca, all in New York, to Corry, Pa.
>Conrail now provides local service between Olean and Jamestown.
>    The agreement achieves NYSDOT's objectives for the Southern Tier
>Extension in connection with the joint application by Norfolk Southern
>and CSX Corp. to operate Conrail's routes and assets.
>    Also as a result of the agreement, STW will support the Conrail
>transaction and advise the Surface Transportation Board (STB) to that
>effect.
>    Norfolk Southern is a Virginia-based holding company with
>headquarters in Norfolk. It owns a major freight railroad, Norfolk
>Southern Railway Company, which operates approximately 14,400 miles of
>railroad in 20 states, primarily in the Southeast and Midwest and the
>Province of Ontario.
>
>Media Contact: Robert Fort (757) 629-2710
>
>-------------
>Norfolk Southern Corporation
>http://www.nscorp.com
>

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