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Conrail Lines
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 (al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gang Mills, New York
Gang Mills is a Hamlet (New York), hamlet (and census-designated place) in Steuben County, New York, Steuben County, New York (state), New York, United States. The population was 4,185 at the 2010 census. Gang Mills is located in the town of Erwin, New York, Erwin, southwest of Corning (city), New York, Corning. During the mid 1800s, it was the site of gang-saw mills to cut lumber. Geography Gang Mills is located at (42.149649, -77.119346). According to the United States Census Bureau, the CDP has a total area of , all land. The community is located next to the Tioga River (Chemung River), Tioga River on U.S. Route 15 in New York, U.S. Route 15. Demographics As of the census of 2000, there were 3,304 people, 1,279 households, and 868 families residing in the CDP. The population density was 506.0 per square mile (195.4/km2). There were 1,374 housing units at an average density of 210.4/sq mi (81.2/km2). The racial makeup of the CDP was 87.05% White (U.S. Census), White, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norfolk Southern Railway
The Norfolk Southern Railway is a Class I freight railroad in the United States formed in 1982 with the merger of Norfolk and Western Railway and Southern Railway. With headquarters in Atlanta, the company operates 19,420 route miles (31,250 km) in 22 eastern states, the District of Columbia, and has rights in Canada over the Albany to Montréal route of the Canadian Pacific Railway. NS is responsible for maintaining , with the remainder being operated under trackage rights from other parties responsible for maintenance. Intermodal containers and trailers are the most common commodity type carried by NS, which have grown as coal business has declined throughout the 21st century; coal was formerly the largest source of traffic. The railway offers the largest intermodal rail network in eastern North America. NS was also the pioneer of Roadrailer service. Norfolk Southern and its chief competitor, CSX Transportation, have a duopoly on the transcontinental freight rail li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railroad Classes
In the United States, railroad carriers are designated as Class I, II, or III, according to annual revenue criteria originally set by the Surface Transportation Board in 1992. With annual adjustments for inflation, the 2019 thresholds were US$504,803,294 for Class I carriers and US$40,384,263 for Class II carriers. (Smaller carriers were Class III by default.) There are seven Class I freight railroad companies in the United States including two Canadian carriers with subsidiary trackage in the United States: BNSF Railway, Canadian National Railway (via its subsidiary Grand Trunk Corporation), Canadian Pacific Railway (via its subsidiary Soo Line Corporation), CSX Transportation, Kansas City Southern Railway, Norfolk Southern Railway, and Union Pacific Railroad. (Mexico's Ferromex and Kansas City Southern de México would qualify as Class I, but do not operate within the United States.) In addition, the national passenger railroad in the United States, Amtrak, would qualify as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Staggers Rail Act
The Staggers Rail Act of 1980 is a United States federal law that deregulated the American railroad industry to a significant extent, and it replaced the regulatory structure that had existed since the Interstate Commerce Act of 1887. Background In the aftermath of the Great Depression and World War II, many railroads were driven out of business by competition from the Interstate highways and airlines. The rise of the automobile led to the end of passenger train service on most railroads. Trucking businesses had become major competitors by the 1930s with the advent of improved paved roads. After the war, they expanded their operations as the highway network grew and acquired increased market share of the cargo business. Railroads continued to be regulated by the Interstate Commerce Commission (ICC) and a complex system for setting shipping rates. The Staggers Act followed the Railroad Revitalization and Regulatory Reform Act of 1976 (often called the "4R Act"), which reduced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railroad Revitalization And Regulatory Reform Act
The Railroad Revitalization and Regulatory Reform Act of 1976, often called the "4R Act," is a United States federal law that established the basic outlines of regulatory reform in the railroad industry and provided transitional operating funds following the 1970 bankruptcy of Penn Central Transportation Company. The law approved the "Final System Plan" for the newly created Conrail and authorized acquisition of Northeast Corridor tracks and facilities by Amtrak. The Act was the first in a series of laws which collectively are described as the deregulation of transportation in the United States. It was followed by the Airline Deregulation Act (1978), Staggers Rail Act (1980), and the Motor Carrier Act of 1980. Background Following the massive bankruptcy of the Penn Central in 1970, Congress created Amtrak to take over the failed company's intercity passenger train service, under the Rail Passenger Service Act. Congress passed the Regional Rail Reorganization Act of 1973 (the "3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Government Of The United States
The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic located primarily in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where most of the federal government is based), five major self-governing territories and several island possessions. The federal government, sometimes simply referred to as Washington, is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively. The powers and duties of these branches are further defined by acts of Congress, including the creation of executive departments and courts inferior to the Supreme Court. Naming The full name of the republic is "United States of America". No other name appears in the Constitution, and this i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CSX Corporation
CSX Corporation is an American holding company focused on rail transportation and real estate in North America, among other industries. The company was established in 1980 as part of the Chessie System and Seaboard Coast Line Industries merger. The various railroads of the former Chessie System and Seaboard Coast Line Industries that are now owned by CSX Corporation were eventually merged into a single line in 1986 and it became known as CSX Transportation. CSX Corporation currently has a number of subsidiaries beyond CSX Transportation. Previously based in Richmond, Virginia after the merger, the corporation moved its headquarters to Jacksonville, Florida, in 2003. CSX is a Fortune 500 company. Subsidiaries and divisions CSX Transportation CSX Transportation is a Class I railroad operating in the eastern United States and the Canadian provinces of Ontario and Quebec. The railroad operates approximately 21,000 route miles (34,000 km) of track. As of December 30, 2016, CSX ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portmanteau
A portmanteau word, or portmanteau (, ) is a blend of wordsGarner's Modern American Usage , p. 644. in which parts of multiple words are combined into a new word, as in ''smog'', coined by blending ''smoke'' and ''fog'', or ''motel'', from ''motor'' and ''hotel''. In , a portmanteau is a single morph that is analyzed as representing two (or more) underlying s. When portmanteaus shorten es ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Class I Railroad
In the United States, railroad carriers are designated as Class I, II, or III, according to annual revenue criteria originally set by the Surface Transportation Board in 1992. With annual adjustments for inflation, the 2019 thresholds were US$504,803,294 for Class I carriers and US$40,384,263 for Class II carriers. (Smaller carriers were Class III by default.) There are seven Class I freight railroad companies in the United States including two Canadian carriers with subsidiary trackage in the United States: BNSF Railway, Canadian National Railway (via its subsidiary Grand Trunk Corporation), Canadian Pacific Railway (via its subsidiary Soo Line Corporation), CSX Transportation, Kansas City Southern Railway, Norfolk Southern Railway, and Union Pacific Railroad. (Mexico's Ferromex and Kansas City Southern de México would qualify as Class I, but do not operate within the United States.) In addition, the national passenger railroad in the United States, Amtrak, would qualif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delaware Lackawanna Railroad
The Delaware-Lackawanna Railroad is a shortline railroad operating in Northeastern Pennsylvania, especially the Scranton area. DL began service in August 1993 and is the designated operator for of trackage in Lackawanna, Wayne, Northampton, and Monroe Counties. It is a subsidiary of holding company Genesee Valley Transportation Company, Inc. (GVT). It was founded by Jeffrey Baxter, Charles Riedmiller, John Herbrand, Michael Thomas and David Monte Verde who continue to make up its corporate ownership. Overview GVT began in 1985 in upstate New York marketing rail-related services to both private and public industry throughout the northeast. Under contract with the Pennsylvania Northeast Regional Rail Authority who owns the rail assets and properties.pnrra.org, retrievee 2022-05-05 GVT operates within Lackawanna, Wayne, Monroe, and Northampton counties from Scranton northeast to the city of Carbondale on the former Delaware & Hudson Railway's Penn Division mainline (now c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reading Blue Mountain And Northern Railroad
The Reading Blue Mountain and Northern Railroad , sometimes shortened to Reading and Northern Railroad, is a regional railroad in eastern Pennsylvania. Its headquarters is in Port Clinton. The RBMN provides freight service on of track. Its mainline consists of the Reading Division between Reading and Packerton and the Lehigh Division between Lehighton and Dupont. Its main freight cargo is anthracite coal. Passenger excursions also run on RBMN tracks. The RBMN itself operates excursion service from Reading and Port Clinton to Jim Thorpe, while the Lehigh Gorge Scenic Railway (LGSR) offers service between Jim Thorpe and Lehigh Gorge State Park. Main lines RBMN operates two main lines: * Reading Division: Reading, Pennsylvania– Packerton, Pennsylvania, along the Lehigh River. ** The line runs from Reading to Packerton along former Reading Company and Central Railroad of New Jersey lines. At its south end, it connects to the Norfolk Southern Railway's Reading Line; its ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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