ConRail Faces 524 Asbestos Lawsuits
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Published October 03, 2002


ConRail Inc. reports that it has been named as a defendant in lawsuits 
filed by persons alleging: 

     (1) personal injury or death caused by exposure to asbestos in 
         connection with railroad employment;

     (2) complete or partial loss of hearing caused by exposure to 
         excessive noise in the course of railroad employment;

     (3) repetitive motion injury in connection with railroad 
         employment;  and

     (4) personal injury or death caused by exposure to deleterious 
         substances (mixed dusts, fumes, chemicals, etc.)

As of December 31, 1997, Conrail was a defendant in 524 pending asbestos
suits, 971 pending hearing loss suits, 2,857 repetitive motion injury 
suits and 215 pending deleterious substance suits, and had notice of 
1,183 potential asbestosis claims, 1,265 potential hearing loss claims, 
587 potential repetitive motion injury claims and 24 deleterious 
substance claims.

COMPANY SNAPSHOT

ConRail Inc.
2001 Market St., 16th Fl.
Philadelphia, PA 19103
Phone: 215-209-2000
Fax: 215-209-4068
Web site: http://www.conrail.com

Employees                  :         Unknown
Revenue                    : $   903,000,000
Net Income (Loss)          : $   174,000,000
Assets                     : $ 8,082,000,000
Liabilities                : $ 3,977,000,000
No. Of Asbestos Claims     :             524
(For the year ended December 31, 2001)

Description: Conrail is the holding company for Consolidated Rail, a 
freight railroad in the heavily industrialized Northeast. Most of its 
former lines and facilities have been divided between its joint owners, 
rail operators CSX (42%) and Norfolk Southern (58%), following an 
agreement that took effect in 1999. Conrail continues to manage and 
operate some lines and facilities in the Philadelphia and Detroit 
metropolitan areas and in much of New Jersey. To serve customers along 
those lines, both CSX and Norfolk Southern pay a fee to Conrail for line
access; Conrail acts as the local switching and terminal management 
agent.

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