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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.
In addition, Conrail acquired long-term leases on several Canadian properties (all PC-NYC): the St. Lawrence and Adirondack Railway, the Canada Southern Railway, and its subsidiaries Detroit River Tunnel Company and Niagara River Bridge Company. All of these Canadian companies but the St. Lawrence and Adirondack were given up in 1985. [3]
This is a category of railroads designated for transfer of rail-related assets to Conrail. Most were leased by larger companies and had long since ceased to operate separately, but had not been merged and thus still owned track.
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, [1] where it serves as a contract local carrier and switching company for its owners, CSX Transportation and the Norfolk Southern Railway.
Today Conrail (Shared Assets) still runs daily trains over what was the east end of the Detroit Terminal Railroad to service a Jeep manufacturing plant owned by Chrysler Group LLC. [7] On May 31, 1984, Conrail legally merged Detroit Terminal Railroad into itself, officially ending 79 years of continuous operation by Detroit's only terminal ...
Conrail absorbed the company in 1993, and assigned trackage rights to CSX, the successor to the B&O and P&LE. With the Conrail breakup, those lines are owned by NS, but the CSX trackage rights are still in place. O'Toole served as the President and Chief Executive Officer of Conrail until 2001, [3] [4] [6] succeeded by Gregory R. Weber. [8]
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Implementation of the Conrail "Final System Plan," as formulated by the United States Railway Association, and which specified the rail lines that Conrail would receive; Provision of operating funds for Conrail, which had not received direct federal funds under the 3R Act. Initial funding for 1976 was $484 million (in 1986 dollars) [4]: 6