Consolidated Railway (other)
Consolidated Railway or Consolidated Railroad may refer to: *Consolidated Rail Corporation, created by the U.S. government in 1976 to take over bankrupt railroads in the northeast U.S. * Consolidated Railroad of Vermont, predecessor of the Central Vermont Railway * Consolidated Railway (Connecticut), street railway subsidiary of the New York, New Haven and Hartford Railroad **The Consolidated, nickname of the New York, New Haven and Hartford Railroad The New York, New Haven and Hartford Railroad , commonly known as The Consolidated, or simply as the New Haven, was a railroad that operated in the New England region of the United States from 1872 to December 31, 1968. Founded by the merger of ... See also * Consolidated (other) {{dab ...
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Consolidated Rail Corporation
Conrail , formally the Consolidated Rail Corporation, was the primary Class I railroad in the Northeastern United States between 1976 and 1999. The trade name Conrail is a portmanteau based on the company's legal name. It continues to do business as an asset management and network services provider in three Shared Assets Areas that were excluded from the division of its operations during its acquisition by CSX Corporation and the Norfolk Southern Railway. The federal government created Conrail to take over the potentially-profitable lines of multiple bankrupt carriers, including the Penn Central Transportation Company and Erie Lackawanna Railway. After railroad regulations were lifted by the 4R Act and the Staggers Act, Conrail began to turn a profit in the 1980s and was privatized in 1987. The two remaining Class I railroads in the East, CSX Transportation and the Norfolk Southern Railway (NS), agreed in 1997 to acquire the system and split it into two roughly-equal parts ...
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