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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 large-scale service into the New York metropolitan area and (to a lesser extent) New ...
The Penn Central Company came into existence on February 1, 1968, with the Pennsylvania Railroad absorbing the New York Central and adopting the new name, which was subsequently changed to the Penn Central Transportation Company on October 1, 1969. [1] From the beginning, issues complicated the new company.
In 1968, the Pennsylvania Railroad merged with New York Central and the railroad eventually went by the name of Penn Central Transportation Company, or "Penn Central" for short. The former competitors' networks integrated poorly with each other, and the railroad filed for bankruptcy within two years. [4]: Chapter 1
The January 1, 1969 merger of the New Haven Railroad into the Penn Central Railroad changed all this: the New England Gateway was downgraded, and closed on May 8, 1974 by fire damage to the New Haven's Poughkeepsie Bridge, causing dramatic traffic changes for the Lackawanna side. Indeed, as very little on-line freight originated on the Erie ...
[5] [6] In an effort to cut costs, PRR merged with the New York Central Railroad to form the Penn Central Transportation Company (PC) in 1968. The Millstone Branch remained intact and active as far east as East Millstone to a rubber reclaiming facility located at the end of the branch until 1972 when the branch west of Clyde Road was abandoned.
Penn Central Transportation Co. v. New York City, 438 U.S. 104 (1978), was a landmark United States Supreme Court decision on compensation for regulatory takings. [1] Penn Central sued New York City after the New York City Landmark Preservation Commission denied its bid to build a large office building on top of Grand Central Terminal.
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The line the Central New York Railroad (CNYK) originally operated on, which was a 21.7-mile (34.9 km) branch line between Richfield Junction near Cassville and Richfield Springs, New York, was first opened in November 1872, when it began serving as a branch for the Utica, Chenango and Susquehanna Valley Railway. [2]