Conrail Shared Assets OperationsConrail Shared Assets Operations (CSAO) is the commonly used name for modern-day Conrail (reporting markCRCX), 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.
CSX CorporationCSX 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.
Norfolk Southern RailwayThe Norfolk Southern Railway (reporting mark NS) 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 19,420 route miles (31,250 km) in 22 eastern states and the District of Columbia, and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Kansas City.
Erie Lackawanna RailwayThe Erie Lackawanna Railway (reporting markEL), 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".
Penn Central Transportation CompanyThe 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), each of which were united by large-scale service into the New York metropolitan area and to a lesser extent New England and Chicago.
Railroad Revitalization and Regulatory Reform ActThe 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.
Railroad classesRailroad 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.)Federal government of the United StatesNational governmentThe federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States. The United States federal government is composed of three distinct branches: legislative, executive, and judicial. The powers of these three branches are defined and vested by the Constitution of the United States, which has been in effect since 1789.
Reporting markA reporting mark is a code used to identify owners or lessees of rolling stock and other equipment used on certain rail transport networks. The code typically reflects the name or identifying number of the owner, lessee, or operator of the equipment, similar to IATA airline designators. In North America, the mark, which consists of an alphabetic code of two to four letters, is stenciled on each piece of equipment, along with a one- to six-digit number.
Northeastern United StatesOne of the four census regions of the United StatesRegionThe Northeastern United States (also referred to as the Northeast, the East Coast, or the American Northeast) form one of the four census regionsdefined by the United States Census Bureau. Located on the Atlantic coast of North America, the region borders Canada to its north, the Southern United States to its south, the Midwestern United States to its west, and the Atlantic Ocean to its east.
BankruptcyBankruptcy is a legal process through which people or other entities who cannot repay debts to 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. EtymologyThe word bankruptcy is derived from Italianbanca rotta, literally meaning 'broken bank'.
PortmanteauIn literature, a portmanteau, also known in linguistics and lexicography as a blend word, lexical blend, or simply a blend, is a word formed by combining the meanings and parts of the sounds of two or more words. English examples include smog, coined by blending smoke and fog, and motel, from motor (motorist) and hotel.*As an Amazon Associate I earn from qualifying purchases.