NationMaster - Encyclopedia: Consolidated Rail Corporation

Consolidated Rail Corporation, also known as Conrail (AAR reporting marks CR), was formed on April 1, 1976 as a federally-funded takeover of the major railroad companies in the Northeast, all of which were financially failing. In 1999 it was divided between Norfolk Southern Railway and CSX Transportation, with three terminal switching districts operated by successor Conrail Shared Assets Operations. Reporting marks on two CP Rail covered hoppers passing Wisconsin Dells, Wisconsin, June 20, 2004. ... Capital Harrisburg Largest city Philadelphia Area Ranked 33rd - Total 46,055 sq mi (119,283 kmÂ²) - Width 280 miles (455 km) - Length 160 miles (255 km) - % water 2. ... This article is about the state. ... This article is about the U.S. State. ... â€œNJâ€ redirects here. ... Official language(s) English Capital Hartford Largest city Bridgeport Largest metro area Hartford Area Ranked 48th - Total 5,543[2] sq mi (14,356 kmÂ²) - Width 70 miles (113 km) - Length 110 miles (177 km) - % water 12. ... This article is about the U.S. State of Delaware. ... Official language(s) None (English, de facto) Capital Annapolis Largest city Baltimore Area Ranked 42nd - Total 12,407 sq mi (32,133 kmÂ²) - Width 101 miles (145 km) - Length 249 miles (400 km) - % water 21 - Latitude 37Â° 53â€² N to 39Â° 43â€² N - Longitude 75Â° 03â€² W to 79Â° 29... Official language(s) English Capital Charleston Largest city Charleston Area Ranked 41st - Total 24,244 sq mi (62,809 kmÂ²) - Width 130 miles (210 km) - Length 240 miles (385 km) - % water 0. ... Official language(s) English[1] Capital Springfield Largest city Chicago Largest metro area Chicago Metropolitan Area Area Ranked 25th - Total 57,918 sq mi (149,998 kmÂ²) - Width 210 miles (340 km) - Length 390 miles (629 km) - % water 4. ... Official language(s) English Capital Indianapolis Largest city Indianapolis Area Ranked 38th - Total 36,418 sq mi (94,321 kmÂ²) - Width 140 miles (225 km) - Length 270 miles (435 km) - % water 1. ... Official language(s) English de facto Capital Columbus Largest city Columbus Largest metro area Greater Cleveland Area Ranked 34th - Total 44,825 sq mi (116,096 kmÂ²) - Width 220 miles (355 km) - Length 220 miles (355 km) - % water 8. ... is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... Year 1976 Pick up sticks(MCMLXXVI) was a leap year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... This article is about the year. ... CSX Transportation (AAR reporting marks CSXT) is a Class I railroad in the United States, owned by the CSX Corporation. ... Norfolk Southern Headquarters Norfolk, Virginia. ... Conrail, officially known as the Consolidated Rail Corporation, is an American railroad company. ... The dominant rail gauge in each country shown Rail gauge is the distance between the inner sides of the two parallel rails that make up a railway track. ... A foot (plural: feet or foot;[1] symbol or abbreviation: ft or, sometimes, â€² â€“ a prime) is a unit of length, in a number of different systems, including English units, Imperial units, and United States customary units. ... An inch (plural: inches; symbol or abbreviation: in or, sometimes, â€³ - a double prime) is the name of a unit of length in a number of different systems, including English units, Imperial units, and United States customary units. ... A millimetre (American spelling: millimeter, symbol mm) is an SI unit of length that is equal to one thousandth of a metre. ... As railways developed and expanded one of the key issues to be decided was that of the rail gauge (the distance between the two rails of the track) which should be used. ... Nickname: City of Brotherly Love, Philly, the Quaker City Motto: Philadelphia maneto (Let brotherly love continue) Location in Pennsylvania Coordinates: Country United States State Pennsylvania County Philadelphia Founded October 27, 1682 Incorporated October 25, 1701 Mayor John F. Street (D) Area - City 369. ... Image File history File links Download high resolution version (1024x708, 102 KB) Conrail 6114 leads a train westbound out of Altoona, Pennsylvania, in 1993. ... Image File history File links Download high resolution version (1024x708, 102 KB) Conrail 6114 leads a train westbound out of Altoona, Pennsylvania, in 1993. ... Conrail 6114, a Dash 8-40CW, leads a train westbound out of Altoona, Pennsylvania in 1993. ... Altoona is a city in Blair County, Pennsylvania, United States. ... Reporting marks on two CP Rail covered hoppers passing Wisconsin Dells, Wisconsin, June 20, 2004. ... is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... Year 1976 Pick up sticks(MCMLXXVI) was a leap year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... The Northeastern United States is a region of the United States of America defined by the US Census Bureau. ... This article is about the year. ... Norfolk Southern Headquarters Norfolk, Virginia. ... CSX Transportation (AAR reporting marks CSXT) is a Class I railroad in the United States, owned by the CSX Corporation. ... Conrail, officially known as the Consolidated Rail Corporation, is an American railroad company. ...

History

Pre-history: 1973-1976

In the years leading to 1973, the freight railroad system of the U.S. was collapsing. Even after the government-funded Amtrak took over intercity passenger service in 1971, railroad companies continued to lose money. The giant Penn Central Transportation, 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), went bankrupt in 1970. Under Judge John P. Fullam, the bankrupt company threatened in mid-1973 to end all operations by the end of the year if they did not receive government aid by October 1, as otherwise it would have to liquidate. Congress quickly came up with a bill to nationalize the bankrupt railroads. The Association of American Railroads, which opposed nationalization, submitted an alternate proposal for a government-funded private company. Fullam kept the company operating into 1974, when, on January 2, after threatening a veto, President Nixon signed the Regional Rail Reorganization Act of 1973 into law. The 3R Act, as it was called, provided interim funding to the bankrupt railroads and defined a new Consolidated Rail Corporation under the AAR's plan. For the song by James Blunt, see 1973 (song). ... The high-speed Acela Express in West Windsor, New Jersey. ... Inter-city rail services are train services which cover larger distances than commuter trains. ... Year 1971 (MCMLXXI) was a common year starting on Friday (link will display full calendar) of the 1971 Gregorian calendar. ... The Pennsylvania and New York Central Transportation Company, almost always called Penn Central, was an American railroad company that operated from 1968 until 1976. ... Year 1968 (MCMLXVIII) was a leap year starting on Monday (link will display full calendar) of the Gregorian calendar. ... For the current company, see New York Central Lines LLC. The New York Central Railroad (AAR reporting marks NYC), known simply as the New York Central in its publicity, was a railroad operating in the Northeastern United States. ... 1893 map The Pennsylvania Railroad (AAR reporting mark PRR) was an American railroad that was founded in 1846 and merged in 1968 into Penn Central Transportation. ... Also: 1969 (Stargate SG-1) episode. ... The New York, New Haven and Hartford Railroad (AAR reporting mark NH) was a railroad that operated in the northeast United States. ... Year 1970 (MCMLXX) was a common year starting on Thursday (link shows full calendar) of the Gregorian calendar. ... John P. Fullam is a judge on the United States District Court for the Eastern District of Pennsylvania. ... is the 274th day of the year (275th in leap years) in the Gregorian calendar. ... Liquidation, or winding up, refers to a business whose assets are converted to money in order to pay off debt. ... Type Bicameral Houses Senate House of Representatives President of the Senate President pro tempore Dick Cheney, (R) since January 20, 2001 Robert C. Byrd, (D) since January 4, 2007 Speaker of the House Nancy Pelosi, (D) since January 4, 2007 Members 535 plus 4 Delegates and 1 Resident Commissioner Political... Nationalization is the act of taking assets into state ownership. ... A World War II era print advertisement for the Association of American Railroads (AAR). ... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ... is the 2nd day of the year in the Gregorian calendar. ... This article or section does not adequately cite its references or sources. ... Richard Milhous Nixon (January 9, 1913 â€“ April 22, 1994) was the 37th President of the United States, serving from 1969 to 1974. ...

The 3R Act also formed the United States Railway Association, another government corporation, taking over the powers of the Interstate Commerce Commission with respect to allowing the bankrupt railroads to abandon unprofitable lines. The USRA was incorporated February 1, 1974, and Edward G. Jordan, an insurance executive from California, was named president on March 18 by Nixon. Arthur D. Lewis of Eastern Air Lines was appointed chairman April 30, and the rest of the board was named May 30 and sworn in July 11. The United States Railway Association was the Corporation created by federal law that oversaw Conrail. ... A government corporation or government-owned corporation is a legal entity created by a government to exercise some of the powers of the government. ... The Interstate Commerce Commission (or ICC) was a regulatory body in the United States created by the Interstate Commerce Act of 1887, which was signed into law by President Grover Cleveland. ... is the 32nd day of the year in the Gregorian calendar. ... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Official language(s) English Capital Sacramento Largest city Los Angeles Largest metro area Greater Los Angeles Area Ranked 3rd - Total 158,302 sq mi (410,000 kmÂ²) - Width 250 miles (400 km) - Length 770 miles (1,240 km) - % water 4. ... is the 77th day of the year (78th in leap years) in the Gregorian calendar. ... Eastern Air Lines was a major United States airline that existed from the late 1920s until 1991. ... is the 120th day of the year (121st in leap years) in the Gregorian calendar. ... is the 150th day of the year (151st in leap years) in the Gregorian calendar. ... is the 192nd day of the year (193rd in leap years) in the Gregorian calendar. ...

Under the 3R Act, the USRA was to create a Final System Plan to decide which lines should be included in the new Consolidated Rail Corporation. Unlike most railroad consolidations, only the designated lines were to be taken over; the others were to remain with the old companies along with non-rail related properties. The plan was unveiled July 26, 1975, consisting of lines from Penn Central and six other companies - the Ann Arbor Railroad (bankrupt 1973), Erie Lackawanna Railway (1972), Lehigh Valley Railroad (1970), Reading Company (1971), Central Railroad of New Jersey (1967) and Lehigh and Hudson River Railway (1972). Controlled railroads and jointly owned railroads such as Pennsylvania-Reading Seashore Lines were also included (see list of railroads transferred to Conrail for a full list). It was approved by Congress on November 9, and on February 5, 1976 President Ford signed the Railroad Revitalization and Regulatory Reform Act of 1976, which included this Final System Plan, into law. is the 207th day of the year (208th in leap years) in the Gregorian calendar. ... Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... The Ann Arbor Railroad (AAR reporting mark AA) is an American railroad that operates between Ann Arbor, Michigan and Toledo, Ohio. ... For the song by James Blunt, see 1973 (song). ... The Erie Lackawanna Railroad (AAR reporting mark EL) was formed from the 1960 merger of the Erie Railroad and the Delaware, Lackawanna and Western Railroad. ... Year 1972 (MCMLXXII) was a leap year starting on Saturday (link will display full calendar) of the Gregorian calendar. ... 1884 map of the Pennsylvania, Reading and Lehigh Valley Railroads The Delaware, Lehigh, Schuylkill and Susquehanna Railroad Company (AAR reporting mark LV) was incorporated April 21, 1846 in Pennsylvania. ... Year 1970 (MCMLXX) was a common year starting on Thursday (link shows full calendar) of the Gregorian calendar. ... 1923 map The Reading Company (AAR reporting marks RDG), usually called the Reading Railroad, and officially known as the Philadelphia and Reading Rail Road and then the Philadelphia and Reading Railway until 1924, operated in southeast Pennsylvania and neighboring states. ... Year 1971 (MCMLXXI) was a common year starting on Friday (link will display full calendar) of the 1971 Gregorian calendar. ... alternate logo The Central Railroad of New Jersey, more commonly known as the Jersey Central Lines or CNJ, was a regional railroad with origins in the 1830s, lasting until 1976 when it was absorbed into Conrail with the other bankrupt railroads of the U.S. Northeast. ... Year 1967 (MCMLXVII) was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar. ... The Lehigh and Hudson River Railway (L&HR) was the smallest of the six component railroads that were merged into Conrail. ... Pennsylvania-Reading Seashore Lines (PRSL) was a joint venture of the Pennsylvania Railroad and Reading Railroad in southern New Jersey. ... 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. ... is the 313th day of the year (314th in leap years) in the Gregorian calendar. ... is the 36th day of the year in the Gregorian calendar. ... Year 1976 Pick up sticks(MCMLXXVI) was a leap year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... For other persons named Gerald Ford, see Gerald Ford (disambiguation). ... The United States Railroad Revitalization and Regulatory Act of 1976, funded the reorganized bankrupt Northeast and Midwest railroads that formed Conrail in 1975. ...

The Erie Lackawanna had been formed in 1960 as a merger of the Erie Railroad and Delaware, Lackawanna and Western Railroad. It too was bankrupt, but was somewhat stronger financially than the others. It was ruled reorganizable under Chapter 77 on April 30, 1974 (as had the Boston and Maine Railroad), but on January 9, 1975, with no end to its losses in sight, its trustees reconsidered and asked for inclusion. The Final System Plan assigned a major section of the EL, from northern New Jersey west to northeast Ohio, to be sold to the Chessie System, which would help spur competition in Conrail's territory. Chessie however could not reach an agreement with EL labor unions, and in February 1976 announced that it would not be buying the EL section. The USRA hurriedly assigned large amounts of trackage rights to the Delaware and Hudson Railway, allowing it to compete to the Philadelphia, Pennsylvania and Washington, DC markets. Image File history File linksMetadata Download high resolution version (1923x1440, 308 KB) The plan for Conrail from the 1975 Conrail Final System Plan. ... Image File history File linksMetadata Download high resolution version (1923x1440, 308 KB) The plan for Conrail from the 1975 Conrail Final System Plan. ... The Erie Lackawanna Railroad (AAR reporting mark EL) was formed from the 1960 merger of the Erie Railroad and the Delaware, Lackawanna and Western Railroad. ... 1923 map The Reading Company (AAR reporting marks RDG), usually called the Reading Railroad, and officially known as the Philadelphia and Reading Rail Road and then the Philadelphia and Reading Railway until 1924, operated in southeast Pennsylvania and neighboring states. ... Year 1960 (MCMLX) was a leap year starting on Friday (link will display full calendar) of the Gregorian calendar. ... The Erie Railroad (AAR reporting mark ERIE) was a railroad that operated in New York State, Pennsylvania, Ohio, Indiana and Illinois, connecting New York City with Lake Erie, and extending west to Cleveland, Ohio, Cincinnati, Ohio and Chicago, Illinois. ... The Delaware, Lackawanna and Western Railroad Company (DL&W or Lackawanna) (AAR reporting marks DLW) was a railroad connecting Pennsylvanias Lackawanna Valley, rich in anthracite coal, to New York City, Buffalo and Oswego, New York. ... is the 120th day of the year (121st in leap years) in the Gregorian calendar. ... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ... 1898 map The Boston and Maine Railroad (AAR reporting marks BM), also known by the abbreviation B&M, was the dominant railroad of the northern New England region of the United States for a century. ... is the 9th day of the year in the Gregorian calendar. ... Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... â€œNJâ€ redirects here. ... Official language(s) English de facto Capital Columbus Largest city Columbus Largest metro area Greater Cleveland Area Ranked 34th - Total 44,825 sq mi (116,096 kmÂ²) - Width 220 miles (355 km) - Length 220 miles (355 km) - % water 8. ... The Chessie System was a holding company that owned three American railroads, the Chesapeake and Ohio Railway (C&O), the Baltimore and Ohio Railroad (B&O), and the Western Maryland Railway (WM), from 1972 until 1987, when the B&O and C&O were merged into CSX Transportation. ... Competition is the act of striving against others for the purpose of achieving gain, such as income, pride, amusement, or dominance. ... A union (labor union in American English; trade union, sometimes trades union, in British English; either labour union or trade union in Canadian English) is a legal entity consisting of employees or workers having a common interest, such as all the assembly workers for one employer, or all the workers... Year 1976 Pick up sticks(MCMLXXVI) was a leap year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... A union station or union terminal is a train station where tracks and facilities are shared by two or more railway companies, allowing passengers to connect conveniently between them. ... 1886 map The Delaware and Hudson Railway (D&H) (AAR reporting mark DH) is a subsidiary of the Canadian Pacific Railway, giving it access to New York City and other parts of the northeastern United States. ... Nickname: City of Brotherly Love, Philly, the Quaker City Motto: Philadelphia maneto (Let brotherly love continue) Location in Pennsylvania Coordinates: Country United States State Pennsylvania County Philadelphia Founded October 27, 1682 Incorporated October 25, 1701 Mayor John F. Street (D) Area - City 369. ... Aerial photo (looking NW) of the Washington Monument and the White House in Washington, DC. Washington, D.C., officially the District of Columbia (also known as D.C.; Washington; the Nations Capital; the District; and, historically, the Federal City) is the capital city and administrative district of the United...

On the other hand, the State of Michigan decided to keep the full Ann Arbor Railroad, of which Conrail would only run the southernmost portion, operational. Michigan bought it and the whole line was operated by Conrail for several years until it was sold to a short line. Official language(s) None (English, de-facto) Capital Lansing Largest city Detroit Largest metro area Metro Detroit Area Ranked 11th - Total 97,990 sq mi (253,793 kmÂ²) - Width 239 miles (385 km) - Length 491 miles (790 km) - % water 41. ... The Ann Arbor Railroad (AAR reporting mark AA) is an American railroad that operates between Ann Arbor, Michigan and Toledo, Ohio. ... A short line is an independent railroad company that operates over a relatively short distance. ...

A large system becomes profitable: 1976-1997

Conrail was incorporated in Delaware on October 25, 1974, and operations began April 1, 1976. The theory was that if the service was improved through increased capital investment, the economic basis of the railroad would be improved. Although Conrail's government-funded rebuilding of the heavily run-down railroad infrastructure and rolling stock it inherited from its six bankrupt predecessors succeeded by the end of the 1970s in improving the physical condition of tracks, locomotives, and freight cars, the fundamental economic regulatory issues remained, and Conrail continued to post losses of as much as $1 million a day. Conrail management, recognizing the need for more regulatory freedoms to address the economic issues, were among the parties lobbying for what became the Staggers Act of 1980, which significantly loosened the Interstate Commerce Commission's rigid economic control of the rail industry. This allowed Conrail and other carriers the opportunity to become profitable and strengthen their finances, primarily by increasing rates and abandoning unprofitable lines. Conrail began turning a profit by 1981, the result of the Staggers Act freedoms and its own managerial improvements under the leadership of L. Stanley Crane, who had been chief executive officer of the Southern Railway. The Northeast Rail Service Act of 1981 relieved Conrail of its requirement to provide commuter service on the Northeast Corridor, further improving its finances. A Delaware corporation is a corporation chartered in the state of Delaware in the United States. ... is the 298th day of the year (299th in leap years) in the Gregorian calendar. ... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ... is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... Year 1976 Pick up sticks(MCMLXXVI) was a leap year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... // Definition Investment or investing is a term with several closely-related meanings in finance and economics. ... Rolling Stock banner Rolling Stock was a newspaper of ideas and a chronicle of the 1980s published in Boulder, Colorado by Ed Dorn and Jennifer Dunbar Dorn. ... The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ... Great Western Railway No. ... A railroad car (or, more briefly, car), also known as an item of rolling stock in British parlance, is a vehicle on a railroad or railway that is not a locomotive - one that provides another purpose than purely haulage, although some types of car are powered. ... The Staggers Rail Act of 1980 deregulated the railroad industry to a significant extent, replacing the regulatory structure that existed since the 1887 Interstate Commerce Act. ... The Interstate Commerce Commission (or ICC) was a regulatory body in the United States created by the Interstate Commerce Act of 1887, which was signed into law by President Grover Cleveland. ... A Connex commuter train stands by the platform in Melbourne, Australia Regional rail systems, or commuter rail systems, usually provide a rail service through a central business district area into suburbs or other locations that draw large numbers of people on a daily basis. ... Most of the NEC (those sections shown in red, except Boston to the Rhode Island state line) is owned by Amtrak. ...

After considerable debate in Congress, the Conrail Privatization Act of 1986 was signed into law by President Reagan on October 21, 1986. The largest initial public offering in US history came on March 26, 1987 when Conrail's stock, worth $1.9 billion, was sold to private investors. Image File history File links Download high resolution version (1146x598, 101 KB)Conrail transfer caboose 18065 passing through Porter, Indiana. ... Image File history File links Download high resolution version (1146x598, 101 KB)Conrail transfer caboose 18065 passing through Porter, Indiana. ... A Burlington Northern Railroad extended vision caboose at the end of a train entering Eola Yard, Aurora, Illinois, in 1993. ... Porter is a town in Porter County, Indiana, United States. ... For the band, see 1990s (band). ... Ronald Wilson Reagan (February 6, 1911 â€“ June 5, 2004) was the 40th President of the United States (1981â€“1989) and the 33rd Governor of California (1967â€“1975). ... is the 294th day of the year (295th in leap years) in the Gregorian calendar. ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... â€œIPOâ€ redirects here. ... March 26 is the 85th day of the year (86th in leap years) in the Gregorian calendar. ... Year 1987 (MCMLXXXVII) was a common year starting on Thursday (link displays 1987 Gregorian calendar). ...

Shift of passenger operations to State or Metropolitan rail authorities

Conrail inherited the commuter rail operations of its predecessor rail lines, and operated them until 1983, when these services were transferred to state or metropolitan transit authorities: A Connex commuter train stands by the platform in Melbourne, Australia Regional rail systems, or commuter rail systems, usually provide a rail service through a central business district area into suburbs or other locations that draw large numbers of people on a daily basis. ...

Lower Hudson Valley of New York State and southwest Connecticut The Massachusetts Bay Transportation Authority (MBTA) is a body politic and corporate, and a political subdivision of the Commonwealth of Massachusetts [2] formed in 1964 to finance and operate most bus, subway, commuter rail and ferry systems in the greater Boston, Massachusetts area. ...

New Jersey Metro-North (officially MTA Metro-North Railroad) is a suburban commuter railroad running service from New York City to the northern suburbs in New York State and Connecticut. ...

Metropolitan Philadelphia The New Jersey Transit Corporation (NJ Transit) is a statewide public transportation system serving the state of New Jersey, and Orange and Rockland counties in New York. ...

Maryland For the abbreviation SEPTA, see SEPTA. A septum, in general, is a wall separating two cavities or two spaces containing a less dense material. ...

MARC, prior to 1984 known as Maryland Rail Commuter Service, is a commuter rail system comprising three lines in the Baltimore-Washington Metropolitan Area. ...

Breakup and shared assets: 1997-1999

With Conrail's increasing success, two eastern rail competitors of Conrail engaged in a takeover battle to control the railroad and expand their systems. In 1997, however, the two railroads, CSX Transportation and the Norfolk Southern Railway, struck a compromise agreement to jointly acquire Conrail and split most of its assets between them, with Norfolk Southern acquiring a larger portion of the Conrail network via a larger stock buyout. Under the final agreement approved by the STB, Norfolk Southern acquired 58 percent of Conrail's assets, including roughly six thousand Conrail route miles, and CSX received 42 percent of Conrail's assets, including about 3,600 route miles. [1] For the band, see 1997 (band). ... CSX Transportation (AAR reporting marks CSXT) is a Class I railroad in the United States, owned by the CSX Corporation. ... Norfolk Southern Headquarters Norfolk, Virginia. ... Look up Compromise in Wiktionary, the free dictionary. ...

The buyout was approved by the Surface Transportation Board (successor agency to the Interstate Commerce Commission) and took place on August 22, 1998. The lines were transferred to two newly-formed limited liability companies, to be subsidiaries of Conrail but leased to CSX and NS, respectively New York Central Lines (NYC) and Pennsylvania Lines (PRR). The NYC and PRR reporting marks, which had passed to Conrail, were also transferred to the new companies, and NS also acquired the CR reporting mark. Operations under CSX and NS began June 1, 1999. The Surface Transportation Board (STB) was created by the Interstate Commerce Commission Termination Act of 1995 at the same time the Interstate Commerce Commission was destroyed. ... The Interstate Commerce Commission (or ICC) was a regulatory body in the United States created by the Interstate Commerce Act of 1887, which was signed into law by President Grover Cleveland. ... is the 234th day of the year (235th in leap years) in the Gregorian calendar. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... This article is about a U.S.-specific corporate form; for a general discussion of entities with limited liability, see corporation. ... 1900 map The New York Central Railroad (AAR reporting mark NYC), known simply as the New York Central in its publicity, was a railroad operating in the North-Eastern United States. ... 1911 map The Pennsylvania Railroad (AAR reporting mark PRR) was an American railroad existing 1846â€“1968, after which it merged into Penn Central Transportation. ... Reporting marks on two CP Rail covered hoppers passing Wisconsin Dells, Wisconsin, June 20, 2004. ... is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... This article is about the year. ...

As the names indicated, NYC acquired the former New York Central Railroad main line from New York City and Boston, Massachusetts to Cleveland, Ohio, and the former Cleveland, Cincinnati, Chicago and St. Louis Railway (NYC Big Four) line to Indianapolis, Indiana (continuing west to East St. Louis, Illinois on a former Pittsburgh, Cincinnati, Chicago and St. Louis Railroad (PRR Panhandle Route) line), while PRR got the former Pennsylvania Railroad main line and Cleveland and Pittsburgh Railroad from Jersey City, New Jersey to Cleveland, and the rest of the former NYC main line west to Chicago, Illinois. Thus the Conrail "X" was neatly split in two, CSX getting one diagonal from Boston to St. Louis and NS the other from New York to Chicago. The two lines cross at a bridge southeast of downtown Cleveland (41.447° N 81.627° W), where the former Cleveland and Pittsburgh Railroad crosses over the NYC's former Cleveland Short Line Railway around the south side of Cleveland. For the current company, see New York Central Lines LLC. The New York Central Railroad (AAR reporting marks NYC), known simply as the New York Central in its publicity, was a railroad operating in the Northeastern United States. ... New York, New York and NYC redirect here. ... â€œBostonâ€ redirects here. ... Cleveland redirects here. ... The Cleveland, Cincinnati, Chicago and St. ... â€œIndianapolisâ€ redirects here. ... East St. ... The Pittsburgh, Cincinnati, Chicago and St. ... 1893 map The Pennsylvania Railroad (AAR reporting mark PRR) was an American railroad that was founded in 1846 and merged in 1968 into Penn Central Transportation. ... Location of Jersey City within Hudson County Coordinates: , Country State County Hudson Government - Mayor Jerramiah T. Healy - Business Administrator Brian P. OReilly Area - City 21. ... Flag Seal Nickname: The Windy City Motto: Urbs In Horto (Latin: City in a Garden), I Will Location Location in Chicagoland and northern Illinois Coordinates , Government Country State Counties United States Illinois Cook, DuPage Mayor Richard M. Daley (D) Geographical characteristics Area City 606. ... The Cleveland Short Line Railway was a freight bypass around southern Cleveland, Ohio on the New York Central Railroads Lake Shore and Michigan Southern Railway system. ...

In three major metropolitan areas - North Jersey, South Jersey/Philadelphia, and Detroit - Conrail Shared Assets Operations continues to serve as a terminal operating company owned by both CSX and NS. The Conrail Shared Assets Operations arrangement was a concession made to federal regulators who were concerned about the lack of competition in certain rail markets and logistical problems associated with the breaking up the Conrail operations as they existed in densely populated areas with many local customers. The smaller Conrail operation that exists today serves rail freight customers in these markets on behalf of its two owners. A fourth area, the former Monongahela Railway in southwest Pennsylvania, was originally owned jointly by the Baltimore and Ohio Railroad, Pennsylvania Railroad and Pittsburgh and Lake Erie Railroad. Conrail absorbed the company in 1993, and assigned trackage rights to CSX, the successor to the B&O and P&LE. With the Conrail breakup, those lines are owned by NS, but the CSX trackage rights are still in place. Conrail, officially known as the Consolidated Rail Corporation, is an American railroad company. ... The Monongahela Railway (AAR reporting mark MGA) was a coal-hauling short line railroad in Pennsylvania and West Virginia in the United States. ... Capital Harrisburg Largest city Philadelphia Area Ranked 33rd - Total 46,055 sq mi (119,283 kmÂ²) - Width 280 miles (455 km) - Length 160 miles (255 km) - % water 2. ... The Baltimore and Ohio Railroad (B&O) was one of the oldest railroads in the United States, with an original line from the port of Baltimore, Maryland, west to the Ohio River at Wheeling and Parkersburg, West Virginia. ... 1893 map The Pennsylvania Railroad (AAR reporting mark PRR) was an American railroad that was founded in 1846 and merged in 1968 into Penn Central Transportation. ... The Pittsburgh and Lake Erie Railroad (P&LE) (AAR reporting mark PLE), also known as the Little Giant, was formed on May 11, 1875. ... Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ... A union station or union terminal is a train station where tracks and facilities are shared by two or more railway companies, allowing passengers to connect conveniently between them. ...

Contents

History

Pre-history: 1973-1976

A large system becomes profitable: 1976-1997

Shift of passenger operations to State or Metropolitan rail authorities

Breakup and shared assets: 1997-1999

See also

Notes

External links

References

Contents

History GA_googleFillSlot("encyclopedia_square");

Pre-history: 1973-1976

A large system becomes profitable: 1976-1997

Shift of passenger operations to State or Metropolitan rail authorities

Breakup and shared assets: 1997-1999

See also

Notes

External links

References

History