I was sorry to see Conrail go. I remember that, initially, CSX handled the takeover a lot better than NS did in regard to keeping trains running. As time blurs memories, I don't recall why Conrail was sold. I know for the last few years of their existence they were making money and were one of the better stocks to own among transportation stocks. I know in my area (northern NJ), which is primarily NS territory now, train service is lower now than it was under Conrail. Many local jobs have been reduced in frequency of operation or have abolished outright. The Southern Tier between Port Jervis and Binghamton only has an occasional train running compared to the days when Conrail was running the OIBU/BUOI.
CSX, on the other hand, seems to have increased the amount of trains they are running, especially on the River Line. I used to work in Rockland County, NY within earshot of the River Line and remember hearing trains blowing for the crossing in town all day long. From what I've read and seen, that hasn't changed a whole lot.
Was splitting Conrail a good thing? Who knows.....that question probably won't be able to be answered until NS and CSX are either taken over by some other railroad or both railroads cease to exist.
Joe P :D
Long Live The EL!