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New York Central Lines LLC was a limited liability company that owned railroad lines in the United States that are owned and operated by CSX Transportation.The company was formed in 1998 to own Conrail lines assigned to CSX in the split of Conrail between CSX and the Norfolk Southern Railway; operations were switched over on June 1, 1999.
Formed in 1968 by the merger of the New York Central Railroad and Pennsylvania Railroad (and supplemented in 1969 by the New York, New Haven and Hartford Railroad), the PC was created with almost no plans to merge the varied corporate cultures, and the resulting company was a hopelessly-entangled mess. [2]
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.
Lehigh and New England Railway: CNJ Lehigh Valley Railroad: LV Little Miami Railroad: PC (PRR) Mahoning Coal Railroad: PC (NYC) Mahoning and Shenango Valley Company: PC (NYC) Michigan Central Railroad: PC (NYC) Monongahela Railway: MGA Merged on May 1, 1993 Mount Hope Mineral Railroad: CNJ New York Connecting Railroad: PC (NH/PRR) New York and ...
CSX acquired 42 percent of Conrail's assets, and NS received the remaining 58 percent. As a result of the transaction, CSX's rail operations grew to include some 3,800 miles (6,100 km) of the Conrail system (predominantly lines that had belonged to the former New York Central Railroad). CSX began operating its trains on its portion of the ...
June 1: Most Conrail lines are sold to two new subsidiaries, New York Central Lines LLC and Pennsylvania Lines LLC, which are leased to CSX Transportation and the Norfolk Southern Railway respectively. In three Shared Assets Areas, Conrail retains ownership, and operates as a contract carrier on behalf of CSX and NS. 2000 2001
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]
Its only formidable rival was the New York Central Railroad (NYC), which carried around three-quarters of the Pennsy's ton-miles. 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.