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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 largest railroad (by traffic and revenue), the largest ...
The Pennsylvania Company was a major holding company.It included the Pittsburgh, Fort Wayne and Chicago Railway, the PRR's main route to Chicago.Together with the Pittsburgh, Cincinnati, Chicago and St. Louis Railroad and Vandalia Railroad, the three railroads were branded by the PRR as Pennsylvania Lines West of Pittsburgh.
This category contains companies, usually railroad companies, with which the Pennsylvania Railroad or its predecessors had an affiliation (for instance, full or partial stock ownership, a lease, or a merger, but not simple trackage rights).
The property was operated by the Pennsylvania Railroad under lease from October 1, 1879, to December 31, 1883, the date it was surrendered to its successor. The company owned on the date of consolidation 18.08 miles of single-track, standard-gauge, steam railroad, extending from Pemberton Junction to Whitings, N. J., which had been acquired ...
This company was controlled on January 1, 1902, the date of consolidation, by the Pennsylvania Railroad through ownership of its entire capital stock. The records do not indicate that this company then controlled any carrier corporation. The property was operated by the Pennsylvania Railroad from the date of completion to the date of consolidation.
This company, an Ohio corporation, was controlled by the Pennsylvania Company on June 16, 1887, the effective date of its consolidation with the Ashtabula and Pittsburgh Railway Company to form the Ashtabula, Niles and Youngstown Railroad Company, through ownership of the entire outstanding capital stock. At its demise the company owned about ...
The company was $2.6 billion in debt. Large investors and financial institutions sold the company's stock. Chase Manhattan Bank's own analysts' negative forecasts for Penn Central led the company to sell more than 134,000 shares on May 22, 1970. Four days later, Chase's Investment Department officially changed its recommendation to "sell".
The Pennsylvania Company pays as annual rental an amount equal to interest on the lessor's outstanding bonds, 7 per cent on its outstanding stock of 1871, 4 per cent on its outstanding special guaranteed betterment stock, 10 per cent on the small amount of stock of 1836 outstanding, all taxes on its property and earnings, and an amount not to ...