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Conrail Predecessor Subsidiaries
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 (alo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gang Mills, New York
Gang Mills is a hamlet (and census-designated place) in Steuben County, New York. The population was 4,185 at the 2010 census. Gang Mills is located in the town of Erwin, southwest of 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 U.S. Census Bureau, the CDP has a total area of , all land. The community is located next to the Tioga River on U.S. Route 15. Demographics As of the 2000 census, there were 3,304 people, 1,279 households, and 868 families residing in Gang Mills. The population density was . There were 1,374 housing units at an average density of . The racial makeup of the CDP was 87.05% White, 3.66% African American, 0.15% Native American, 8.05% Asian, 0.15% from other races, and 0.94% from two or more races. Hispanic or Latino of any race were 1.57% of the population. There were 1,279 households, out of which 37.9% had children under the age o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norfolk Southern Railway
The Norfolk Southern Railway is a Class I freight railroad operating in the Eastern United States. Headquartered in Atlanta, the company was formed in 1982 with the merger of the Norfolk and Western Railway and Southern Railway. The company operates in 22 eastern states, the District of Columbia, and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Kansas City. Norfolk Southern Railway is the leading subsidiary of the Norfolk Southern Corporation. Norfolk Southern maintains 28,400 miles of track, with the rest managed by other parties through trackage rights. Intermodal containers and trailers are the most common commodity type carried by NS, which have grown as the coal business has declined throughout the 21st century; coal was formerly the largest traffic source. 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railroad Classes
Railroad classes are the system by which freight railroads are designated in the United States. Railroads are assigned to 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 six Class I freight railroad companies in the United States: BNSF Railway, CSX Transportation, Canadian National Railway, CPKC, Norfolk Southern Railway, and Union Pacific Railroad. Canadian National also operates in Canada and CPKC operates in Canada and Mexico. In addition, the national passenger railroad in the United States, Amtrak, would qualify as Class I if it were a freight carrier, as would Canada's Via Rail passenger service. Mexico's Ferromex freight railroad would also qualify as Class I, but it does not operate within the United States. ... [...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 privately owned, operated, and funded for-profit railroads were driven out of business by competition from publicly owned, operated, and funded Interstate highways, which almost always operated at a loss, and airlines, which often used airports and dispatchers (in this case air traffic control by the FAA) funded by public money. Not restricted by the requirement to break even, cars and trucks use the highway system as constructed by the state, leading 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 netw ... [...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 ... [...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, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . 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. However, the existence of such a ritual is doubted. 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 "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Government Of The United States
The Federal Government of the United States of America (U.S. federal government or U.S. government) is the Federation#Federal governments, national government of the United States. The U.S. federal government is composed of three distinct branches: United States Congress, legislative, President of the United States, executive, and Federal judiciary of the United States, judicial. Powers of these three branches are defined and vested by the Constitution of the United States, U.S. Constitution, which has been in continuous effect since May 4, 1789. The powers and duties of these branches are further defined by Act of Congress, Acts of Congress, including the creation of United States federal executive departments, executive departments and courts subordinate to the Supreme Court of the United States, U.S. Supreme Court. In the Federalism in the United States, federal division of power, the federal government shares sovereignty with each of the 50 states in their respective t ... [...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, 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portmanteau
In linguistics, a blend—also known as a blend word, lexical blend, or portmanteau—is a word formed by combining the meanings, and parts of the sounds, of two or more words together.Garner's Modern American Usage p. 644. English examples include '' smog'', coined by blending ''smoke'' and ''fog'', and '''', from ''motor'' ('' motorist'') and ''hotel''. A blend is similar to a [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Class I Railroad
Railroad classes are the system by which Rail freight transport, freight railroads are designated in the United States. Railroads are assigned to 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 six Class I freight railroad companies in the United States: BNSF Railway, CSX Transportation, Canadian National Railway, CPKC, Norfolk Southern Railway, and Union Pacific Railroad. Canadian National also operates in Canada and CPKC operates in Canada and Mexico. In addition, the national passenger railroad in the United States, Amtrak, would qualify as Class I if it were a freight carrier, as would Canada's Via Rail passenger service. Mexico's Ferromex freight railroad would also qualify as Class I, but it does not operate with ... [...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 Railroad Authority (PNRRA), who owns the rail assets and properties,pnrra.org, retrievee 2022-05-05 GVT operates within Lackawanna, Wayne, Monroe, and Northampton counties on these following lines: *from Scranton northeast to the city of Carbondale on the former Delaware & Hudson ... [...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. With a headquarters in Port Clinton, the RBMN provides freight service on over of track. Its mainline consists of the Reading Division between Reading and Packerton and the Lehigh Division between Lehighton and Dupont. This mainline gives the RBMN a direct route from Reading to Scranton, the first such route to exist under the control of a single railroad. Founded in 1983 to take over from Conrail on the ex-Pennsylvania Railroad Schuylkill Branch between Reading and Hamburg, the railroad quickly grew over the next several decades to become the largest privately-owned Class II railroad in the United States. Its main freight cargo is anthracite coal, but also sees significant shipments in frac sand, forest products, petrochemicals and minerals, food and agricultural products, metals, and consumer products. The Reading and North ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
