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Conrail
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conrail Shared Assets Operations
Conrail Shared Assets Operations (CSAO) is the commonly used name for modern-day Conrail ( reporting mark CRCX), an American railroad company. It operates three networks, the North Jersey, South Jersey/Philadelphia, and Detroit Shared Assets Areas, where it serves as a contract local carrier and switching company for its owners, CSX Transportation and the Norfolk Southern Railway. When most of the former Conrail's track was split between these two railroads, the three shared assets areas (a total of about 1,200 miles of track) were kept separate to avoid giving one railroad an advantage in those areas. The company operates using its own employees and infrastructure but owns no equipment outside MOW equipment. North Jersey Shared Assets Area The North Jersey Shared Assets Area stretches from the North Bergen Yard in North Bergen, New Jersey south into Jersey City and Newark, and beyond to Manville (Port Reading Junction) and Trenton, much of which is operated over Amtrak's No ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lehigh Valley Railroad
The Lehigh Valley Railroad was a railroad built in the Northeastern United States to haul anthracite coal from the Coal Region in Pennsylvania. The railroad was authorized on April 21, 1846 for freight and transportation of passengers, goods, wares, merchandise and minerals in Pennsylvania and the railroad was incorporated and established on September 20, 1847 as the Delaware, Lehigh, Schuylkill and Susquehanna Railroad Company. On January 7, 1853, the railroad's name was changed to Lehigh Valley Railroad. It was sometimes known as the Route of the Black Diamond, named after the anthracite it transported. At the time, anthracite was transported by boat down the Lehigh River. The railroad ended operations in 1976 and merged into Conrail along with several northeastern railroads that same year. The Lehigh Valley Railroad's original and primary route between Easton and Allentown was built in 1855. The line later expanded past Allentown to Lehigh Valley Terminal in Buffalo and pa ... [...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 l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metro-North Railroad
Metro-North Railroad , trading as MTA Metro-North Railroad, is a suburban commuter rail service run by the Metropolitan Transportation Authority (MTA), a public authority of the U.S. state of New York and under contract with the Connecticut Department of Transportation. Metro-North runs service between New York City and its northern suburbs in New York and Connecticut, including Port Jervis, Spring Valley, Poughkeepsie, Yonkers, New Rochelle, Mount Vernon, White Plains, Southeast and Wassaic in New York and Stamford, New Canaan, Danbury, Bridgeport, Waterbury, and New Haven in Connecticut. Metro-North also provides local rail service within the New York City boroughs of Manhattan and the Bronx. In , the system had a ridership of , or about per weekday as of . Metro-North is the descendant of commuter rail services dating back as early as 1832. By 1969, they had all been acquired by Penn Central. MTA acquired all three lines by 1972, but Penn Central continued ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erie Lackawanna Railway
The Erie Lackawanna Railway , known as the Erie Lackawanna Railroad until 1968, was formed from the 1960 merger of the Erie Railroad and the Delaware, Lackawanna & Western Railroad. The official motto of the line was "The Friendly Service Route". Like many railroads in the northeast already financially vulnerable from the expanding U.S. Interstate Highway System, the line was severely weakened fiscally by the extent, duration and record flood levels due to Hurricane Agnes in 1972. It would never recover. Most of the corporation's holdings became part of Conrail in 1976, ending its sixteen years as an independent operating railroad company. History Formation and early success The Interstate Commerce Commission approved the merger on Sept. 13, 1960, and on Oct. 17 the Erie Railroad and Delaware, Lackawanna and Western Railroad merged to form the Erie Lackawanna Railroad. The EL struggled for most of the 16 years it existed. The two railroads that created it were steadily losing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CSX Transportation
CSX Transportation , known colloquially as simply CSX, is a Class I freight railroad operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. The railroad operates approximately 21,000 route miles () of track. The company operates as the leading subsidiary of CSX Corporation, a Fortune 500 company headquartered in Jacksonville, Florida. CSX Corporation (the parent of CSX Transportation) was formed in 1980 from the merger of Chessie System and Seaboard Coast Line Industries, two holding companies which controlled a number of railroads operating in the Eastern United States. Initially only a holding company itself, the subsidiaries that made up CSX Corporation were gradually merged, with this process completed in 1987. CSX Transportation formally came into existence in 1986, as the successor of Seaboard System Railroad. In 1999, CSX Transportation acquired approximately half of Conrail, in a joint purchase with competitor Norfolk Southern Rai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penn Central Transportation Company
The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals (the Pennsylvania, New York Central and the New York, New Haven and Hartford railroads), all united by heavy service into the New York metropolitan area and (to a lesser extent) New England and Chicago. The new company failed barely two years after formation, the largest bankruptcy in U.S. history at the time. The Penn Central's railroad assets were nationalized into Conrail along with the other bankrupt northeastern roads; its real estate and insurance holdings successfully reorganized into American Premier Underwriters. History Pre-merger The Penn Central railroad system developed in response to challenges facing northeastern American railroads during the late 1960s. While railroads elsewhere in North America drew revenues from long-distance shipments of commodities s ... [...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] |
Lehigh And Hudson River Railway
The Lehigh and Hudson River Railway (L&HR) was the smallest of the six railroads that were merged into Conrail in 1976. It was a bridge line running northeast–southwest across northwestern New Jersey, connecting the line to the Poughkeepsie Bridge at Maybrook, New York with Easton, Pennsylvania, where it interchanged with various other companies. History The Warwick Valley Railroad was organized March 8, 1860 as a branch of the New York and Erie Rail Road, branching from it at Greycourt southwest to Warwick, New York. It opened in 1862 and was operated by the Erie. The Pequest and Wallkill Railroad was chartered by 1870 to build an extension in New Jersey, running from Belvidere on the Delaware River and Belvidere Delaware Railroad northeast to the New York state line. The Lehigh and Hudson River Railroad was chartered later as a competitor, planning to build from Belvidere to McAfee, with the Wawayanda Railroad running the rest of the way to the state line. In April ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monongahela Railroad
The Monongahela Railway was a coal-hauling short line railroad in Pennsylvania and West Virginia in the United States. It was jointly controlled originally by the Pennsylvania Railroad, New York Central subsidiary Pittsburgh and Lake Erie Railroad, and the Baltimore and Ohio Railroad, with NYC and PRR later succeeded by Penn Central Transportation. The company operated its own line until it was merged into Conrail on May 1, 1993. The primary connection to both controlling systems was at Brownsville, Pennsylvania - with the south end of the P&LE's Pittsburgh, McKeesport and Youghiogheny Railroad and with the PRR's ex- Brownsville Railway. The PRR also interchanged traffic at Hoover, Pennsylvania, the end of its Coal Lick Run Branch. The B&O Railroad interchanged at Leckrone, Pennsylvania, and Rivesville, West Virginia. At the end of 1970 it operated 193 miles of road on 281 miles of track; that year it reported 446 million ton-miles of revenue freight. History The Mono ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reading Company
The Reading Company ( ) was a Philadelphia-headquartered railroad that provided passenger and commercial rail transport in eastern Pennsylvania and neighboring states that operated from 1924 until its 1976 acquisition by Conrail. Commonly called the Reading Railroad, and logotyped as Reading Lines, the Reading Company was a railroad holding company for the majority of its existence and was a single railroad during its later years. It operated service as Reading Railway System and was a successor to the Philadelphia and Reading Railway Company, founded in 1833. Until the decline in anthracite loadings in the Coal Region after World War II, it was one of the most prosperous corporations in the United States. Competition with the modern trucking industry that used the interstate highway system for short-distance transportation of goods, also known as short hauls, compounded the company's problems, forcing it into bankruptcy in 1971. Its railroad operations were merged into Conrail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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