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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.
The Consolidated Rail Corporation (Conrail) was formed on April 1, 1976 not by a standard merger, but as a new government corporation that took over only designated lines and other rail-related assets from the existing bankrupt companies.
Therefore, the EL petitioned and was accepted into Conrail at the last minute. In 1976, much of the company's railroad assets were thus purchased by the federal government and combined with other companies' railroad assets to form Conrail. An independent Erie Lackawanna Estate continued in existence for several years thereafter.
The Reading Company (/ ˈ r ɛ d ɪ ŋ / RED-ing) was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
Conrail: Operates along Amtrak's New Haven–Springfield Line via trackage rights, along with several branches. Hauls freight between Cedar Hill Yard and West Springfield, Massachusetts, for CSX. Genesee & Wyoming [1] CSX Transportation: CSXT 1980 Conrail: Assumed Conrail's Connecticut operations in 1999, chiefly on the New Haven Line and at ...
August 27: Conrail subsidiaries New York Central Lines LLC and Pennsylvania Lines LLC are merged into their lessees (and parents of Conrail), CSX Transportation and the Norfolk Southern Railway respectively. 2005. January 1: The Kansas City Southern Railway takes control of the Texas Mexican Railway (no longer Class I).
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In December 1977, Conrail was set to abandon 25 miles (40 km) of their ex-New York Central Railroad trackage between Kankakee and Sheldon, Illinois, when instead it was purchased by Beaverville businessman Fey Orr to service his lumber and agricultural products industry based there.