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Conrail (reporting mark CR), 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.
Therefore, the EL petitioned and was accepted into Conrail at the last minute. In 1976, much of the company's railroad assets were thus purchased by the federal government and combined with other companies' railroad assets to form Conrail. An independent Erie Lackawanna Estate continued in existence for several years thereafter.
So were most railroads that had been leased or controlled by them, sometimes jointly. Conrail maintained existing leases of the small Amsterdam, Chuctanunda and Northern Railroad (PC-NYC) and Central Railroad of Indianapolis (PC-NYC), as well as the Lehigh and Susquehanna Railroad (LV), owned by the non-railroad Lehigh Coal and Navigation ...
The line was built by the Burlington and Mount Holly Railroad and Transportation Company and its successor the Camden and Burlington County Railroad between 1863 and 1867. It eventually became part of the Pennsylvania Railroad's network and is now owned by Conrail Shared Assets Operations.
The Consolidated Rail Corporation (Conrail) was an 11,000-mile (18,000 km) system formed in 1976 from the Penn Central Railroad (1968–1976), [19] and five other ailing northeastern railroads that were conveyed into it, forming a government-financed corporation. Conrail was perhaps the most controversial conglomerate in corporate history.
The New York Central Railroad (reporting mark NYC) was a railroad primarily operating in the Great Lakes and Mid-Atlantic regions of the United States. The railroad primarily connected greater New York and Boston in the east with Chicago and St. Louis in the Midwest, along with the intermediate cities of Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester and Syracuse.
The Boston and Albany Railroad (reporting mark B&A) [1] was a railroad connecting Boston, Massachusetts to Albany, New York, later becoming part of the New York Central Railroad system, Conrail, and CSX Transportation.
In 1976, Conrail took over the operations of seven northeastern railroads, including the Penn Central, who operated the line after the 1968 merger of the Pennsylvania and the New York Central Railroad. During consolidation of redundant lines, Conrail did not abandon the remaining portions of the Freehold Secondary, but a 1978 division map marks ...