Changes

The Conrail company remains a jointly-owned subsidiary, with CSX and NS owning respectively 42 percent and 58 percent of its [[stock]], corresponding to how much of Conrail's assets they acquired. CSX and NS have an equal [[voting interest]]. The primary asset retained by Conrail is ownership of the three [[Shared Assets Areas]] in [[New Jersey]], [[Philadelphia]], and [[Detroit]]. Both CSX and NS have the right to serve all shippers in these areas, paying Conrail for the cost of maintaining and improving [[railway track|trackage]]. They also make use of Conrail to perform [[switching and terminal railroad|switching and terminal]] services within the areas, but not as a [[common carrier]], since contracts are signed between shippers and CSX or NS. Conrail also retains various support facilities including [[maintenance-of-way]] and training, as well as a 51 percent share in the [[Indiana Harbor Belt Railroad]].

The Conrail company remains a jointly-owned subsidiary, with CSX and NS owning respectively 42 percent and 58 percent of its [[stock]], corresponding to how much of Conrail's assets they acquired. CSX and NS have an equal [[voting interest]]. The primary asset retained by Conrail is ownership of the three [[Shared Assets Areas]] in [[New Jersey]], [[Philadelphia]], and [[Detroit]]. Both CSX and NS have the right to serve all shippers in these areas, paying Conrail for the cost of maintaining and improving [[railway track|trackage]]. They also make use of Conrail to perform [[switching and terminal railroad|switching and terminal]] services within the areas, but not as a [[common carrier]], since contracts are signed between shippers and CSX or NS. Conrail also retains various support facilities including [[maintenance-of-way]] and training, as well as a 51 percent share in the [[Indiana Harbor Belt Railroad]].

[[Category:Railroads]]

[[Category:Railroads]]