Cleveland State Law Review Volume 34 Issue 3 Article 6 1986 Loss of Rail Competition as an Issue in the Proposed Sale of Conrail to Norfolk Southern: Valid Concern or Political Bogeyman Mark D. Perreault Nancy S. Fleischman Follow this and additional works at: https://engagedscholarship.csuohio.edu/clevstlrev Part of the Business Organizations Law Commons, and the Transportation Law Commons How does access to this work benefit ou?y Let us know! Recommended Citation Mark D. Perreault & Nancy S. Fleischman, Loss of Rail Competition as an Issue in the Proposed Sale of Conrail to Norfolk Southern: Valid Concern or Political Bogeyman, 34 Clev. St. L. Rev. 413 (1985-1986) This Article is brought to you for free and open access by the Journals at EngagedScholarship@CSU. It has been accepted for inclusion in Cleveland State Law Review by an authorized editor of EngagedScholarship@CSU. For more information, please contact
[email protected]. LOSS OF RAIL COMPETITION AS AN ISSUE IN THE PROPOSED SALE OF CONRAIL TO NORFOLK SOUTHERN: VALID CONCERN OR POLITICAL BOGEYMAN? MARK D. PERREAULT* NANCY S. FLEISCHMAN** 1. INTRODUCTION ......... ..................................... 414 II. PRESERVATION OF RAIL-RAIL COMPETITION AS A CONSIDERATION IN RAIL CONSOLIDATIONS ............................... 414 A . Prior to 1920 ................................. 414 B . 1920 - 1940 .................................. 418 C. 1940 - 1980 .................................. 421 D . 1980 - Present ................................ 425 Ill. PRESERVATION OF RAIL-RAIL COMPETITION AS A CONSIDERATION IN THE FORMATION OF CONRAIL AND SUBSEQUENT DETERMINATION TO SELL CONRAIL ........ ........................................ 428 A. 1970's Congressional Response to the Penn Central and Other Railroad Bankruptcies ..................... 428 B. Foundation of Initial CongressionalPolicy ........... 429 C. Implementing the Policy ......................... 432 D.