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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 ...
Alfred E. Perlman and Stuart W. Saunders were Penn Central's first executives, and quickly became enemies. 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]
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.
Penn Central Transportation Company (PC), successor to the New York Central Railroad (NYC), New York, New Haven and Hartford Railroad (NH), and Pennsylvania Railroad (PRR) Erie Lackawanna Railway (EL), successor to the Delaware, Lackawanna and Western Railroad (DL&W) and Erie Railroad (Erie) Ann Arbor Railroad (AA), controlled by Penn Central [1]
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.
In 1968, the PRR, with its 119 surviving GG1s, merged with the New York Central Railroad to form Penn Central. Penn Central went bankrupt in 1970 and its freight operations were later assumed by government-controlled Conrail, which used 68 GG1s in freight service until the end of electric freight traction in 1980.
The Metroliners were extra-fare high-speed trains between Washington, D.C., and New York City which operated from 1969 to 2006. They were briefly first operated by Penn Central Transportation (successor to the Pennsylvania Railroad, which originally ordered the equipment), then by Amtrak for 35 years.
In 1968, the PRR merged with the New York Central railroad, to form the Penn Central (PC). The Penn Central filed for bankruptcy protection in 1970. [87]: 233–234 It operated under court supervision until 1976, when its lines were transferred to Conrail under the Railroad Revitalization and Regulatory Reform Act. [88]: 4–5