Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, January 7, 1995                   TAG: 9501090084
SECTION: BUSINESS                    PAGE: A-4   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

Norfolk Southern Corp. has begun competing with trucks on the railroad's Atlanta-Dallas route with a new second-morning service called the "Hotshot 20."

NS said the train is to compete with over-the-road freight on Interstate 20 with an aggressive rate strategy and the expedited service. I-20 parallels much of the rail route.

The train makes connections in Atlanta with other cities served by NS and the Florida East Coast Railway.

The Kansas City Southern, which operates the train between Meridian, Miss., and Dallas, is NS's partner in the intermodal service. Intermodal freight is that which moves by more than one mode of transportation.

- Staff report

Bankruptcies

Two bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. One of them is a personal bankruptcy that the court listed as a business because it has commercial connections and could be of interest to business creditors and customers.

Richard E. Walters and Marietta R. Walters of Callaway filed for a wage-earner plan for repayment of debts, estimating assets at less than $50,000 and liabilities between $100,000 and $499,000. They said they operate a nonprofit mission and a real estate business.

Douglas Earl Gibson of Gate City and Patty Jean Lane Gibson of Fort Blackmore filed for liquidation. Douglas Gibson is a self-employed drywall installer. They listed assets of $10,000 and liabilities of $19,360.

- Staff report