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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. Seven major companies were included:
Conrail 6114, a GE Dash 8-40CW, leads a train westbound out of Altoona, Pennsylvania. A Conrail train led by EMD GP40 3209 at Duncannon, Pennsylvania. Since Conrail was divided between Norfolk Southern Railway and CSX Transportation in 1999, all remaining locomotives have been successively repainted, and many remain in service. CR units had ...
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.
A Conrail train in Attleboro, Massachusetts, in 1983. Conrail inherited much of the former New Haven network with a mandate to return it to profitable operation. Freight operations on former New Haven lines passed to Conrail with its government-overseen creation on April 1, 1976. During the subsequent 23 years, Conrail withdrew from much of ...
After Conrail was divided between the Norfolk Southern Railway and CSX Transportation, most of the former Pennsy's remaining trackage went to Norfolk Southern. The few parts of the Pennsylvania Railroad that went to CSX after the Conrail split were: The western end of the Fort Wayne Line across western Ohio and northern Indiana.
The railroad was operated by Craig Burroughs' Joliet, Illinois-based Trans-Action Associates. Conrail began operations on the Erie Lackawanna and other Northeastern rail lines on April 1, 1976. The Erie Lackawanna mainline west of Marion, Ohio, was not conveyed to Conrail because of the Erie Lackawanna's 11th hour entry into the Final System Plan.
The railroad had attempted to discontinue the train in 1970, along with its other passenger operations other than New Jersey commuter services, but the Public Utilities Commission of Ohio denied it permission. [2] In 1976, Conrail took over operation of the Erie Lackawanna (EL) and closed the EL's offices in Cleveland.
The plan called for Conrail to consist of the complete Penn Central network (a conglomerate of three massive former northeastern systems — the Pennsylvania Railroad, New York Central Railroad and New York, New Haven and Hartford Railroad) as well as the following six railroads: Ann Arbor Railroad (bankrupt 1973) Erie Lackawanna Railway (1972)