Search results
Results from the WOW.Com Content Network
American railroad company Penn Central Transportation Company declared bankruptcy on June 21, 1970, two and a half years after its formation by the merger of the New York Central Railroad and the Pennsylvania Railroad. At the time, this was the largest bankruptcy in American history. [1] Penn Central was responsible for a third of the nation's ...
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 ...
U.S. Const. amend. 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 ...
On this day 48 years ago, Penn Central filed for bankruptcy . Where The Market Was The ... Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290 ...
Length. 11,640.66 miles (18,733.83 kilometers) (1926) The Pennsylvania Railroad (reporting mark PRR), legal name The Pennsylvania Railroad Company, also known as the " Pennsy ", was an American Class I railroad that was established in 1846 and headquartered in Philadelphia, Pennsylvania. At its peak in 1882, the Pennsylvania Railroad was the ...
The Southeastern Pennsylvania Transportation Authority (SEPTA) is a regional public transportation authority [5] that operates bus, rapid transit, commuter rail, light rail, and electric trolleybus services for nearly four million people throughout five counties in and around Philadelphia, Pennsylvania. It also manages projects that maintain ...
In 1970 Penn Central declared bankruptcy, at the time the largest corporate bankruptcy ever declared. [27] The same year, the MTA also entered into a long-term lease of Penn Central's Hudson, Harlem, and New Haven Lines. [28] Penn Central continued to operate the now-subsidized lines under contract to the MTA.
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. It continues to do business as an asset management and network services provider in three Shared Assets ...