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ASSOCIATION OF AMERICAN RAILROADS PRESIDENT AND CEO ISSUES STATEMENT

ASSOCIATION OF AMERICAN RAILROADS PRESIDENT AND CEO ISSUES STATEMENT
 WASHINGTON, June 12 /PRNewswire/ -- Edwin L. Harper, president and CEO, Association of American Railroads, issued the following:
 Contrary to recent media reports, if there is a strike beginning June 24 only affecting Consolidated Rail Corporation (Conrail), it would by no means constitute merely a regional crisis. The impact would spread within days throughout the United States, causing a disruption of the nation's entire transportation network.
 Conrail itself has a 11,000-mile rail network extending from the Atlantic Seaboard to the Mississippi River and from Canada south to Virginia and Kentucky. It encompasses 14 states, the District of Columbia and a province of Canada. Approximately 40 percent of the nation's population resides in states served by Conrail. More than half of all freight handled by Conrail originated on, or is destined to, other railroads.
 Conrail serves 20 automobile plants, employing 74,000 hourly workers who would be subject to layoff within 24 hours of a Conrail strike because railroads have become an integral part of auto assembly lines through a just-in-time logistics strategy.
 Another 225,000 non-rail workers in other industries also would be threatened with layoff if Conrail couldn't replenish their plants' inventories.
 Any work stoppage on Conrail will cause a large-scale and virtually immediate disruption of the nation's commerce and threaten a continuation of the fragile economic recovery.
 -0- 6/12/92
 /CONTACT: Carol B. Perkins of the Association of American Railroads, 202-639-2552/ CO: Association of American Railroads ST: District of Columbia IN: TRN SU:


KD -- DC009 -- 9623 06/12/92 11:20 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
Words:264
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