THE VIRGINIAN-PILOT 

                         THE VIRGINIAN-PILOT
                 Copyright (c) 1994, Landmark Communications, Inc.

DATE: FRIDAY, June 24, 1994                    TAG: 9406240619 
SECTION: BUSINESS                     PAGE: D1    EDITION: FINAL  
SOURCE: Short 
DATELINE: 940624                                 LENGTH:

N.C. RAILROAD WANTS MORE MONEY FROM NORFOLK SOUTHERN

{LEAD} Stockholders of North Carolina Railroad want Norfolk Southern Corp. to pay more money to use the state-controlled rail line. Norfolk Southern's lease on the 317 miles of tracks from Morehead City to Charlotte expires at the end of this year. Norfolk Southern pays about $600,000 a year in rent. Walker Rucker, a NCRR stockholder in Greensboro, says the rent ``should be in the millions.'' Contract talks began more than a year ago. Norfolk Southern and NCRR officials have refused to comment on the negotiations.

by CNB