TRANSPORT BRIEFS

TRANSPORT BRIEFS

CONRAIL TO AUCTION OFF

125 SURPLUS PROPERTIES

PHILADELPHIA - Conrail Inc. announced Wednesday that it will auction 125 pieces of surplus property in Chicago, Cleveland, Philadelphia and New Jersey during November and December.

M. Virginia Ebert, assistant vice president of real estate, said a review of the railroad's assets identified properties that were not needed for rail operations, but could offer opportunities for developers, local governments or other entities.

Conrail first tried the auction approach on a trial basis last year in Cincinnati, where 13 parcels were sold.

Some abandoned rail lines will be included in the auctions, as well as development sites.

The dates are Nov. 15 for Chicago, Nov. 21 for central and northern New Jersey, Nov. 29 for Philadelphia and southern New Jersey and Dec. 19 for Cleveland.

BOEING STRIKE DELAYS

777 DELIVERY TO CHINA

BEIJING - A strike by Boeing Co. workers in the United States will delay delivery of the first 777 series airliner to a crucial Chinese customer, Michael Zimmerman, president of Boeing China Inc., said Wednesday.

The first 777 of a $1 billion six-plane order was supposed to be delivered next month to domestic carrier China Southern Airlines. Despite the strike, China Southern will get its plane before the end of the year, he said.

China is the world's fastest-growing aviation market and Boeing's No. 3 customer. One out of every seven planes made by Boeing, the world's largest maker of commercial jets, in the past two years has gone to China, according to company executives.

DORSEY TRAILERS BUYS

PLANT IN GEORGIA

CARTERSVILLE, Ga. - Dorsey Trailers Inc. of Atlanta announced Wednesday that it has bought a new plant here and intends to start production in

December of the same types of trailers produced at a struck plant in Northumberland, Pa.

The 150,000-square-foot plant was bought for $2 million from Bankhead Enterprises Inc. of Atlanta, Ga. Bankhead had been producing car haul trailers there, but recently sold that line of business and was intending to close the plant. Dorsey will use the plant to produce dump and flatbed trailers, products it had made at Northumberland.

T. Charles Chitwood, vice president of finance for Dorsey, said that the company does not need both the Northumberland and the Cartersville plant, but that it had not talked with the union about closing Northumberland, so it had no comment about a possible closing there.

Members of the United Auto Workers union went on strike against the Northumberland plant June 26.

CSX RAISES DIVIDEND,

SPLITS STOCK 2-FOR-1

RICHMOND, Va. - The board of directors of CSX Corp. on Wednesday approved a dividend increase and two-for-one stock split.

The quarterly dividend on the company's common stock will be increased from the current rate of 44 cents a share to 52 cents a share, pre-split, an 18 percent increase. The dividend is payable Dec. 15, to shareholders of record Nov. 24, 1995.

The record date for the two-for-one split of the company's common stock is Dec. 4, 1995. Shareholders of record as of that date will receive one new share of common stock for every share they own on that date. Distribution of new shares will start Dec. 21, 1995.

"Our outstanding current performance and continuing strong prospects for our rail, ocean-shipping and barge units are reflected in these board actions," said John W. Snow, chairman and chief executive.

$72 MILLION APPROVED

FOR ALASKA AIRPORTS

ANCHORAGE - The Federal Aviation Administration approved $72 million for 41 airport improvement projects throughout the state, including $10.6 million for runway and taxiway work at Deadhorse Airport.

Funds also will be used for planning work at seven airports, including the Kodiak Seaplane Base and Juneau International Airport.

Ron Simpson, FAA Airport Division manager, said the airport improvements program for the coming year would emphasize rural Alaska along with projects such as a Fairbanks runway extension, Gustavus apron improvements and a parallel taxiway at Talkeetna.