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94-551: The Delair Bridge, built by the Pennsylvania Railroad (PRR) in 1895–1896, was the first bridge of any sort between Philadelphia and New Jersey. The steel span connected PRR tracks in North Philadelphia to southern New Jersey. It consisted of three fixed Pennsylvania truss spans and a through-truss swing-span drawbridge totaling 1,943 feet (592 m). Approach trestles of 2,129 feet (649 m) on

188-667: A canal across Pennsylvania and thus the Main Line of Public Works was commissioned in 1826. It soon became evident that a single canal would not be practical and a series of railroads, inclined planes, and canals was proposed. The route consisted of the Philadelphia and Columbia Railroad , canals up the Susquehanna and Juniata rivers, an inclined plane railroad called the Allegheny Portage Railroad ,

282-523: A classification system for their freight cars. Similar to their locomotives, the Pennsy used a letter system to designate the various types and sub-types of freight and maintenance cars. As noted, Pennsy colors and paint schemes were standardized. Locomotives were painted in a shade of green so dark it seemed almost black. The official name for this color was DGLE (Dark Green Locomotive Enamel), though often referred to as "Brunswick Green." The undercarriage of

376-608: A continuous railroad line ran between Philadelphia and Pittsburgh over the tracks of several entities including the Pennsylvania Railroad. In 1853, the Pennsy was granted trackage rights over the Philadelphia and Columbia, providing a connection between the two cities and connecting with the HPMtJ&;L at Lancaster and Columbia. By 1854, the Pennsy completed its line from Harrisburg to Pittsburgh, eliminating

470-530: A decade arguing a merger with regulators, was stumbling towards another stunning bankruptcy, as was the Milwaukee Road , the nation's most technologically advanced transcontinental . In 1972, the damage from Hurricane Agnes destroyed important Penn Central branches and main lines, and pushed the other northeastern roads into bankruptcy. By the mid-1970s, no major player east of Rochester - Pittsburgh , north of Pittsburgh- Philadelphia , and southwest of

564-681: A government-guaranteed $ 200 million operating loan forced Penn Central to file for bankruptcy protection on June 21, 1970. In May 1971, passenger operations, including equipment, were transferred to a new government-subsidized company called the National Railroad Passenger Corporation, or Amtrak . This was devised to relieve the Penn Central (and other railroads) of money-losing passenger service. Penn Central rail lines, including ex-Pennsy lines, were transferred to Conrail in 1976, and eventually Amtrak received

658-546: A multi-modal freight transportation subsidiary of the Pennsylvania Railroad. It owned oil tanker cars and used them to transport refined oil for mostly independent oil refiners during the era of John D. Rockefeller's and Standard Oil's oil refinery mergers of the 1870s. The company also owned grain freight boats on the Great Lakes and oil pipelines in the oil regions of Pennsylvania . When the company attempted to buy and build some oil refineries in 1877, Standard Oil bought

752-473: A percentage of its capital stock. Several lines were then aided by the Pennsy in hopes to secure additional traffic. By the end of 1854, the Pennsy purchased stock in the Ohio & Pennsylvania, Ohio & Indiana, Marietta & Cincinnati, Maysville & Big Sandy, and Springfield, Mt. Vernon & Pittsburgh railroads, totalling $ 1,450,000 (equivalent to $ 49.2 million in 2023). The Steubenville & Indiana

846-461: A split of two mountain ravines which were cleverly crossed by building a fill and having the tracks ascend a 220-degree curve known as Horseshoe Curve that limited the grade to less than 2 percent. The crest of the mountain would be penetrated by the 3,612 ft (1,101 m) Gallitzin Tunnels , from which the route descended by a more moderate grade to Johnstown . The western end of the line

940-508: A stake in Madison Square Garden . The company began to acquire a portfolio of insurance companies in 1988. In 1994, the company reorganized as American Premier Underwriters , a subsidiary of American Financial Group , which continues to operate as a property and casualty insurance company as-of January 2024. Thomson (1808–1874) was the entrepreneur who led the Pennsylvania Railroad from 1852 until his death in 1874, making it

1034-463: A substantial profit (although the NYC came much closer). In 1957, the two proposed a merger, despite severe organizational and regulatory hurdles. Neither railroad had much respect for its merger partner; the lines had fought bitterly over New York-Chicago custom and ill-will remained in the executive suites. Amongst middle management , the company's corporate cultures all but precluded integration:

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1128-531: A team of young, flexible managers had begun reshaping the NYC from a traditional railroad into a multimodal express-freight transporter, while the PRR continued to bet on a railroad revival. At a technical level, the two companies served independent markets east of Cleveland (running through their namesake states), but virtually identical trackage west of Cleveland meant any merger would have anticompetitive effect. For decades, merger proposals had tried to balance

1222-594: A tunnel across the Allegheny Mountains , and canals down the Conemaugh and Allegheny rivers to Pittsburgh, Pennsylvania , on the Ohio River; it was completed in 1834. Because freight and passengers had to change conveyances several times along the route and canals froze in winter, it soon became apparent that the system was cumbersome and a better way was needed. There were two applications made to

1316-432: A viable railroad. Then, on April 1, 1976, Penn Central transferred those rail operations to the government-owned Consolidated Rail Corporation ( Conrail ). Facing the continued loss of market share to the trucking industry, the railroad industry and its unions asked the federal government for deregulation . The 1980 Staggers Act , which deregulated the railroad industry, proved to be a key factor in bringing Conrail and

1410-551: A year, then the B&;O bill would become effective and the Pennsy's void, thereby allowing the B&O to build into Pennsylvania and on to Pittsburgh. The Pennsylvania Railroad fulfilled the requirements and Letters Patent were issued by the Pennsylvania governor on February 25, 1847. The governor declared the B&O's rights void the following August. In 1847, the Pennsy's directors chose J. Edgar Thomson , an engineer from

1504-630: The Broadway Limited which became the most famous train operated by the Pennsylvania Railroad. This train ran from New York City to Chicago, via Philadelphia, with an additional section between Harrisburg and Washington (later operated as a separate Washington–Chicago train, the Liberty Limited ). In 1890, the Pennsylvania Railroad gained control of the Pittsburgh, Cincinnati, Chicago and St. Louis Railroad (PCC&StL), itself

1598-604: The Congressional Limited s in both directions were the first trains in regular electric operation between New York and Washington, drawn by the first of the GG1 -type locomotives . In 1934, the Pennsylvania received a $ 77 million loan from the New Deal 's Public Works Administration to complete the electrification project begun in 1928. Work was started January 27, 1937, on the main line from Paoli to Harrisburg;

1692-841: The Erie Lackawanna Railway (EL) in 1960, the Chesapeake & Ohio Railway (C&O) acquired control of the Baltimore & Ohio (B&O) in 1963, and the Norfolk & Western Railway (N&W) absorbed several railroads, including the Nickel Plate and the Wabash, in 1964. Regulators also required the new company to incorporate the bankrupt New York, New Haven & Hartford Railroad (NH) and New York, Susquehanna & Western Railway (NYS&W); if neither

1786-690: The Georgia Railroad , to survey and construct the line. He chose a route that followed the west bank of the Susquehanna River northward to the confluence with the Juniata River, following its banks until the foothills of the Allegheny Mountains were reached at a point that would become Altoona, Pennsylvania . To traverse the mountains, the line would climb a moderate grade for 10 miles (16 km) until it reached

1880-560: The Hudson River tunnels . The next area to be electrified was the Philadelphia terminal area, where Pennsy officials decided to use overhead lines to supply power to the suburban trains running out of Broad Street Station . Unlike the New York terminal system, overhead wires would carry 11,000-volt 25-Hertz alternating current (AC) power, which became the standard for future installations. On September 12, 1915, electrification of

1974-766: The Northeast Corridor and Keystone Corridor lines. 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: After 1976, the Penn Central Corporation held diversified non-rail assets including the Buckeye Pipeline and

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2068-686: The Senator from Boston to Washington. On July 1, 1869, the Pennsylvania Railroad leased the Pittsburgh, Fort Wayne and Chicago Railway (PFtW&C) in which it had previously been an investor. The lease gave the Pennsy complete control of that line's direct route through northern Ohio and Indiana as well as entry into the emerging rail hub city of Chicago, Illinois . Acquisitions along the PFtW&;C: Erie and Pittsburgh Railroad , Cleveland and Pittsburgh Railroad, Toledo, Columbus and Ohio River Railroad, and Pittsburgh, Youngstown and Ashtabula Railway gave

2162-599: The 156 miles (251 km) of rail used by the Hudson and Harlem Lines , and Grand Central Terminal, as well as unused development rights above the tracks in Midtown Manhattan . The platforms and yards extend for several blocks north of the terminal building under numerous streets and existing buildings leasing air rights, including the MetLife Building and Waldorf-Astoria Hotel . In November 2018,

2256-544: The 1920s, it carried nearly three times the traffic as other railroads of comparable length, such as the Union Pacific and Atchison, Topeka & Santa Fe railroads. 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

2350-468: The 20th century, the Pennsy tried electric power for its trains. Its first effort was in the New York terminal area, where tunnels and a city law restricting the burning of coal precluded steam locomotives. In 1910, the railroad began operating a direct current (DC) 650-volt system whose third-rail powered Pennsy locomotives (and LIRR passenger cars) used to enter Penn Station in New York City via

2444-645: The Delaware River from Philadelphia) to South Amboy, New Jersey (across Raritan Bay from New York City), as well as a newer line from Philadelphia to Jersey City, New Jersey, much closer to New York, via Trenton, New Jersey. Track connection in Philadelphia was made via the Pennsy's Connecting Railway and the jointly owned Junction Railroad . The Pennsy's Baltimore and Potomac Rail Road opened on July 2, 1872, between Baltimore and Washington, D.C. This route required transfer via horse car in Baltimore to

2538-587: The MTA proposed purchasing the Hudson and Harlem Lines as well as the Grand Central Terminal for up to $ 35.065 million, plus a discount rate of 6.25%. The purchase would include all inventory, operations, improvements, and maintenance associated with each asset, except for the air rights over Grand Central. The MTA's finance committee approved the proposed purchase on November 13, 2018, and the purchase

2632-517: The Maine-New Hampshire border remained solvent. Under the auspices of the U.S. Department of Transportation (U.S. DOT), Penn Central agreed to trial new technologies to revive the flagging passenger services on what would become the Northeast Corridor . PC continued to operate the PRR's Metroliner service between New York City and DC , and introduced a new United Aircraft TurboTrain between New York City and Boston . But

2726-749: The Midwest. Derailments and wrecks occurred regularly; when the trains avoided mishap, they operated far below design speed , resulting in delayed shipments and excessive overtime. Operating costs soared, and shippers soured on the products. In 1969, most of Maine's potato production rotted in the PC's Selkirk Yard , hurting the Bangor & Aroostook Railroad , whose shippers vowed never to ship by rail again. Although both PRR and NYC had been profitable pre-merger, Penn Central was — at one point — losing $ 1 million per day. As PC's management struggled to wrestle

2820-658: The N&;W and C&O would buy the Lehigh Valley Railroad (LV), then that railroad should be incorporated as well. Ultimately, only the New Haven successfully joined the Penn Central; the conglomerate failed before it could incorporate the latter two. The only railroad leaving the Penn Central was the PRR's controlling interest in the N&W, whose dividends had generated much of the PRR's premerger profitability. The legal merger (formally, an acquisition of

2914-470: The NYC by the PRR) concluded on February 1, 1968. The Pennsylvania Railroad, the nominal survivor of the merger, changed its name to Pennsylvania New York Central Transportation Company, and soon began using "Penn Central" as a trade name. That trade name became official a month later on May 8, 1968. Saunders later commented: "Because of the many years it took to consummate the merger, the morale of both railroads

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3008-551: The New York Central Railroad. The Pennsylvania Railroad absorbed the New York Central and eventually went by the name of Penn Central Transportation Company . The Interstate Commerce Commission (ICC) required that the ailing New York, New Haven & Hartford Railroad (NH) be added in 1969. A series of events including inflation, poor management, abnormally harsh weather, and the withdrawal of

3102-421: The PC in large measure). George Drury described the bankruptcy as "a cataclysmic event, both to the railroad industry and to the nation's business community," not least because Penn Central increasingly appeared the proverbial canary in the coal mine . Across the nation, railroads discontinued Penn Central's core business (passenger trains) as fast as regulators would let them. The Rock Island , midway through

3196-571: The PRR began passenger train service from New York City via Philadelphia to Washington with limited stops along the route. This service became known as the "Congressional Limited Express." The service expanded, and by the 1920s, the Pennsy was operating hourly passenger train service between New York, Philadelphia and Washington. In 1952, 18-car stainless steel streamliners were introduced on the Morning Congressional and Afternoon Congressional between New York and Washington, as well as

3290-583: The Penn Central Company. The first Penn Central Transportation Company (PCTC) was incorporated on April 1, 1969, and its stock was assigned to a new holding company called Penn Central Holding Company. On October 1, 1969, the Penn Central Company, the former Pennsylvania Railroad, absorbed the first PCTC and was renamed the second Penn Central Transportation Company the next day; the Penn Central Holding Company became

3384-556: The Pennsy access to the iron ore traffic on Lake Erie. On June 15, 1887, the Pennsylvania Limited began running between New York and Chicago. This was also the introduction of the vestibule, an enclosed platform at the end of each passenger car, allowing protected access to the entire train. In 1902 the Pennsylvania Limited was replaced by the Pennsylvania Special which in turn was replaced in 1912 by

3478-443: The Pennsy owned 439 freight cars. By 1857, it had 1,861 cars, and in 1866, 9,379 cars. Freight equipment was either acquired new from builders or built by the railroad itself. The Pennsy acquired more cars from the railroads it absorbed. In some instances, privately owned cars were either purchased from a builder or railroad acquisition. One such example was the 1877 purchase of Empire Transportation merchandise and oil cars. By

3572-566: The Pennsylvania Railroad gained control of the Northern Central Railway , giving it access to Baltimore, Maryland , and points along the Susquehanna River via connections at Columbia, Pennsylvania, or Harrisburg, Pennsylvania. On December 1, 1871, the Pennsy leased the United New Jersey Railroad and Canal Company , which included the original Camden and Amboy Railroad from Camden, New Jersey (across

3666-484: The Pennsylvania Railroad was the largest railroad (by traffic and revenue), the largest transportation enterprise, and the largest corporation in the world, on par with the London & North Western Railway . Over its existence, Pennsylvania Railroad acquired, merged with, or owned part of at least 800 other rail lines and companies. At the end of 1926, it operated 11,640.66 miles (18,733.83 kilometers) of rail line; in

3760-452: The Pennsylvania legislature in 1846. The first was for a new railroad called The Pennsylvania Railroad Company to build a line between Harrisburg and Pittsburgh, Pennsylvania. The second was the Baltimore and Ohio Railroad (B&O), which wanted to build to Pittsburgh from Cumberland, Maryland. Both applications were granted with conditions. If the Pennsylvania Railroad did not raise enough capital and contract to build enough railroad within

3854-467: The Pennsylvania side and 324 feet (99 m) on the New Jersey side bring its total length to 4,396 feet (1,340 m). Starting in 1958, the PRR converted the bridge into a vertical-lift span to increase clearance for river traffic. The 542 feet (165 m) movable link was floated into place in one piece to facilitate installation and minimize delay. Work was completed in 1960. The Delair Bridge

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3948-419: The average capacity of a Pennsylvania Railroad freight car increased from 31 to 54 short tons (28 to 48 long tons; 28 to 49 t). This increased to 55 short tons (49 long tons; 50 t) in the mid-1930s and then to 56 short tons (50 long tons; 51 t) in 1945. By the start of 1946, the Pennsy's freight car ownership decreased to 240,293 cars and in 1963, down to 140,535. The Pennsylvania Railroad used

4042-789: The bridge continuously since 1993. The bridge's southern track was formerly reserved for freight traffic, and the northern track only used for the Atlantic City Line. As part of the Pennsauken Transit Center project, a station complex where the River LINE passes under the Delair Bridge's eastern approach, platforms were built on both tracks. Both tracks are now used by both passenger and freight trains. In December 2011, an $ 18.5 million Transportation Investment Generating Economic Recovery (TIGER) grant

4136-601: The company into submission, the structural headwinds facing all northeastern railroads continued unabated. The industrial decline of the Rust Belt consumed shippers through the Northeast and Midwest . Penn Central's executives tried to diversify the troubled firm into real estate and other non-railroad ventures, but in a slow economy these businesses performed little better than the original railroad assets. Worse, these new subsidiaries diverted management attention away from

4230-406: The company operated as an independent, private-sector railroad from 1987 to 1999. The Pennsylvania Railroad absorbed the New York Central Railroad on February 1, 1968, and at the same time changed its name to Pennsylvania New York Central Transportation Company to reflect this. The trade name of "Penn Central" was adopted, and, on May 8, the former Pennsylvania Railroad was officially renamed

4324-554: The company owned when Conrail was created were the Buckeye Pipeline and a 24 percent stake in Madison Square Garden (which stands above Penn Station) and its prime tenants, the New York Knicks basketball team and New York Rangers hockey team, along with Six Flags Theme Parks. Though the company retained ownership of some rights-of-way and station properties connected with the railroads, it continued to liquidate these and eventually concentrated on one of its subsidiaries in

4418-464: The company. The controlling, non-institutional shareholders of the PRR during the early 1960s were Henry Stryker Taylor , who was a part of the Jacob Bunn business dynasty of Illinois, and Howard Butcher III, a principal in the Philadelphia brokerage house of Butcher & Sherrerd (later Butcher & Singer). On February 1, 1968, the Pennsylvania Railroad merged with its longtime arch-rival,

4512-592: The company. In the Regional Rail Reorganization Act of 1973, the federal government nationalized Penn Central to save it. For two years, the United States Railway Association sorted through the assets of PC (and six other bankrupt railroads: EL, LV, Reading , Lehigh & Hudson River Railway , Central Railroad of New Jersey and Pennsylvania-Reading Seashore Lines ) to decide what could be reshaped into

4606-579: The competitors instead, joining them with lesser partners end-to-end. The unexpected NYC+PRR proposal required all the northeastern railroads to reconsider their corporate strategy, clouding the waters for the ICC. The resulting negotiations took nearly a decade, and when the PRR and NYC merged, they faced three competitors of comparable size: the Erie had merged with the Delaware, Lackawanna & Western to create

4700-477: The densely-populated northeast traditionally depended on a heterogeneous mix of services, including: These labor-intensive, short-haul services proved vulnerable to competition from automobiles, buses, and trucks , a threat recently invigorated by the new limited-access highways authorized in the Federal-Aid Highway Act of 1956 . At the same time, contemporary railroad regulation restricted

4794-633: The electrified trackage are still in use, owned and operated by Amtrak as the Northeast Corridor and Keystone Corridor high-speed rail routes, by SEPTA , and by NJ Transit . The Pennsylvania Railroad's corporate symbol was the keystone , the Commonwealth of Pennsylvania's state symbol, with the letters "PRR" intertwined inside. When colored, it was bright red with a silver-grey inline and lettering. The Pennsylvania Railroad bought its first 75 freight cars in 1849. Two years later,

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4888-476: The end of the century, a third and fourth track were added. Over the next 50 years, the Pennsy expanded by gaining control of other railroads by stock purchases and 999-year leases. At the end of its first year of operation, the Pennsylvania Railroad paid a dividend, and continued the dividend without interruption until 1946. The Pennsy's charter was supplemented on March 23, 1853, to allow it to purchase stock and guarantee bonds of railroads in other states, up to

4982-674: The extent to which U.S. railroads could react to the new market conditions. Changes to passenger fares and freight shipment rates required approval from the capricious Interstate Commerce Commission (ICC), as did mergers or abandonment of lines. Merger, which eliminated duplicative back office employees, seemed an escape. The situation was particularly acute for the Pennsylvania (PRR) and New York Central (NYC) railroads. Both had extensive physical plants dedicated to their passenger custom. As that revenue stream faded following WWII , neither could slim their assets fast enough to earn

5076-528: The first passenger train, the Metropolitan, went into operation over the newly electrified line from Philadelphia to Harrisburg. On April 15, the electrified freight service from Harrisburg and Enola Yard east was inaugurated, thus completing the Pennsy's eastern seaboard electrification program. The railroad had electrified 2,677 miles (4,308 km) of its track, representing 41% of the country's electrically operated standard railroad trackage. Portions of

5170-468: The formation of Conrail. It reorganized in 1994 as American Premier Underwriters , which continues to operate as a property and casualty insurance company. With the opening of the Erie Canal in 1825 and the beginnings of the Chesapeake and Ohio Canal in 1828, Philadelphia business interests became concerned that the port of Philadelphia would lose traffic. The state legislature was pressed to build

5264-475: The history of the often-scorned company. As part of Norfolk Southern Railway 's 30th anniversary, the railroad painted 20 new locomotives utilizing former liveries of predecessor railroads. Unit number 1073, a SD70ACe, is painted in a Penn Central Heritage scheme. As part of the 40th anniversary of the Metro-North Railroad , four locomotives were painted in a different heritage scheme to honor

5358-596: The insurance business. The former Pennsylvania Railroad changed its name to American Premier Underwriters in March 1994. It became part of Carl Lindner 's Cincinnati financial empire American Financial Group . Until late 2006, American Financial Group still owned Grand Central Terminal , though all railroad operations were managed by the Metropolitan Transportation Authority (MTA). The U.S. Surface Transportation Board approved

5452-567: The largest bankruptcy in U.S. history at the time. The Penn Central's railroad assets were nationalized into Conrail along with the other bankrupt northeastern roads; its real estate and insurance holdings successfully reorganized into American Premier Underwriters . The Penn Central railroad system developed in response to challenges facing northeastern American railroads during the late 1960s. While railroads elsewhere in North America drew revenues from long-distance shipments of commodities such as coal, lumber, paper and iron ore , railroads in

5546-547: The largest business enterprise in the world and a world-class model for technological and managerial innovation. He served as the Pennsy's first Chief Engineer and third President. Thomson's sober, technical, methodical, and non-ideological personality had an important influence on the Pennsylvania Railroad, which in the mid-19th century was on the technical cutting edge of rail development, while nonetheless reflecting Thomson's personality in its conservatism and its steady growth while avoiding financial risks. His Pennsylvania Railroad

5640-541: The lettering and outlining was originally done in real gold leaf. After World War II, the lettering was done in a light shade of gold, called Buff Yellow. For most of its existence, the Pennsylvania Railroad was conservative in its locomotive choices and pursued standardization, both in locomotive types and their component parts. Almost alone among U.S. railroads, the Pennsy designed most of its steam locomotive classes itself. It built most of them at Altoona Works , outsourcing only when Pennsy facilities could not keep up with

5734-409: The line from Philadelphia to Paoli, Pennsylvania, was completed. Other Philadelphia lines electrified were the Chestnut Hill Branch (March 30, 1918), White Marsh (1924), the main line to Wilmington, Delaware (September 30, 1928), West Chester (December 2, 1928), Trenton line (June 29, 1930), and completed on July 20, 1930 the Schuylkill Branch to Norristown, Pennsylvania, later followed by

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5828-423: The line served the coal region of southern Illinois and as a passenger route for the Pennsylvania Railroad's Blue Ribbon named trains The St. Louisan , The Jeffersonian , and the Spirit of St. Louis . By 1906, the Pennsylvania built several low-grade lines for freight to bypass areas of steep grade (slope) and avoid congestion. These included: Some other lines were planned, but never completed: Early in

5922-405: The locomotives were painted in black, referred to as "True Black." The passenger cars of the Pennsy were painted Tuscan Red , a brick-colored shade of red. Some electric locomotives and most passenger-hauling diesel locomotives were also painted in Tuscan Red. Freight cars of the Pennsy had their own color, known as "Freight Car Color," an iron-oxide shade of red. On passenger locomotives and cars,

6016-418: The low-grade freight line from Morrisville through Columbia to Enola Yard in Pennsylvania; the Port Road Branch from Perryville, Maryland, to Columbia; the Jamesburg Branch and Amboy Secondary freight line from Monmouth Junction to South Amboy; and the Landover-South End freight line from Landover, Maryland, through Washington to Potomac Yard in Alexandria, Virginia. In less than a year, on January 15, 1938,

6110-458: The merged product of numerous smaller lines in Ohio, Indiana, and Illinois. Commonly called the Panhandle Route , this line ran west from Pittsburgh to Bradford, Ohio , where it split, with one line to Chicago and the other to East St. Louis, Illinois , via Indianapolis, Indiana . In 1905, the acquisition of the Vandalia Railroad gave the Pennsy access across the Mississippi River to St. Louis, Missouri . Double-tracked for much of its length,

6204-448: The mid-1860s, the railroad had 9,379 freight cars; a decade later, 32,718; the mid-1880s, over 49,000; 1896, more than 87,000. The Pennsy changed its car reporting methods around 1900. The railroads owned and operated by the Pennsylvania Railroad system were now included in reports, in addition to the Pennsylvania Railroad proper. So, in 1900, the Pennsy had over 180,000 freight cars; by 1910, 263,039. The zenith of freight car ownership

6298-446: The name of Penn Central Transportation Company , or "Penn Central" for short. The former competitors' networks integrated poorly with each other, and the railroad filed for bankruptcy within two years. Bankruptcy continued and on April 1, 1976, the railroad gave up its rail assets, along with the assets of several other failing northeastern railroads, to a new railroad named Consolidated Rail Corporation , or Conrail for short. Conrail

6392-470: The new corporation's management. As ex-PRR managers began to secure the plum jobs, the forward-thinking ex-NYC managers departed for greener pastures. Clashing union contracts prevented the company's left hand from talking to its right, and incompatible computer systems meant that PC classification clerks regularly lost track of train movements. Subpar track conditions, the result of years of deferred maintenance , deteriorated further, particularly in

6486-440: The new equipment proved useless without high-quality track to run it on, or a railroad capable of releasing schedules to the ticket-seeking public. In response, the Nixon administration developed Amtrak , which relieved any railroad that desired it of the obligation to operate passenger service. PC unsuccessfully attempted to sell-off the air rights to Grand Central Terminal , and allow developers to build skyscrapers above

6580-412: The next day, ending Pennsylvania Air Line service. In the early 1880s, the Pennsylvania acquired a majority of PW&B Railroad's stock. This action forced the Baltimore and Ohio Railroad (B&O) to build the Baltimore and Philadelphia Railroad to keep its Philadelphia access, where it connected with the Reading Company for its competing Royal Blue Line passenger trains to reach New York. In 1885,

6674-430: The old PC assets back to life. During the 1980s, the deregulated Conrail had the muscle to implement the route reorganization and productivity improvements that the PC had unsuccessfully tried to implement between 1968 and 1970. Hundred of miles of former PRR and NYC trackage were abandoned to adjacent landowners or rail trail use. The stock of the subsequently-profitable Conrail was refloated on Wall Street in 1987, and

6768-552: The other lines heading north from the city. On June 29, 1873, the Baltimore and Potomac Tunnel through Baltimore was completed. The Pennsylvania Railroad started the Pennsylvania Air Line service ("air line" at the time being understood as a nearly-straight and nearly-flat route with distance similar to "as the crow flies") via the Northern Central Railway and Columbia, Pennsylvania. This service

6862-421: The problems in the core business. To create the illusion of success, management also insisted on paying dividends to shareholders, desperately borrowing funds to buy time for the business to turn around. Within two years, Penn Central could no longer remain solvent, and, on June 21, 1970, the nation's sixth-largest corporation had become its largest bankruptcy. (The Enron Corporation 's 2001 bankruptcy eclipsed

6956-474: The railroad's needs. In such cases, subcontractors were hired to build to PRR designs, unlike most railroads that ordered to broad specifications and left most design choices to the builder. The Pennsy's favorite outsourced locomotive builder was Baldwin Locomotive Works , which received its raw materials and shipped out its finished products on Pennsy lines. The two companies were headquartered in

7050-440: The rest of the main line to Trenton, New Jersey. In 1928, PRR's president William Wallace Atterbury announced plans to electrify the lines between New York, Philadelphia, Washington, and Harrisburg. In January 1933, through main-line service between New York and Philadelphia/Wilmington/Paoli was placed in operation. The first test run of an electric train between Philadelphia and Washington occurred on January 28, 1935. On February 1

7144-509: The sale of several of American Financial Group's remaining railroad assets to Midtown TDR Ventures LLC, an investment group controlled by Argent Ventures , in December 2006. The current lease with the MTA was negotiated to last through February 28, 2274. The MTA paid $ 2.4 million annually in rent in 2007 and had an option to buy the station and tracks in 2017, although Argent could extend the date another 15 years to 2032. The assets included

7238-760: The same city; Pennsy and Baldwin management and engineers knew each other well. When the Pennsy and Baldwin shops were at capacity, orders went to the Lima Locomotive Works in Lima, Ohio. Only as a last resort would the Pennsy use the American Locomotive Company (Alco), based in Schenectady, New York, which also built for Pennsy's rival, the New York Central. Penn Central Transportation Company The Penn Central Transportation Company , commonly abbreviated to Penn Central ,

7332-409: The second PCTC, gave up its railroad assets to Conrail in 1976 and absorbed its legal owner, the second Penn Central Company, in 1978, and at the same time changed its name to The Penn Central Corporation . In the 1970s and 1980s, the company now called The Penn Central Corporation was a small conglomerate that largely consisted of the diversified sub-firms it had before the crash. Among the properties

7426-416: The second Penn Central Company. Thus, the company that was formerly the Pennsylvania Railroad became the first Penn Central Company and then became the second PCTC. The old Pennsylvania Company , a holding company chartered in 1870, reincorporated in 1958 and long a subsidiary of the PRR, remained a separate corporate entity throughout the period following the merger. The former Pennsylvania Railroad, now

7520-431: The terminal, in order to fund continued operations. The resulting lawsuit, Penn Central Transportation Co. v. New York City , was decided in 1978, when the U.S. Supreme Court ruled that PC could not sell Grand Central's air rights because the terminal was a New York City designated landmark . In May 1974, the bankruptcy court concluded that the railroad operations of PC could never provide enough income to reorganize

7614-626: The use of the inclined planes of the Allegheny Portage Railroad. In 1857, the PRR purchased the Main Line of Public Works from the state of Pennsylvania. This purchase included 275 miles (443 km) of canal, the Philadelphia & Columbia Railroad, and the New Portage Railroad (which replaced the now abandoned Allegheny Portage Railroad). The Pennsy abandoned most of the New Portage Railroad in 1857 as it

7708-471: Was 54.5 miles (87.7 km) longer than the old route but avoided the transfer in Baltimore. The Union Railroad line opened on July 24, 1873. This route eliminated the transfer in Baltimore. Pennsy officials contracted with both the Union Railroad and the Philadelphia, Wilmington and Baltimore Railroad (PW&B) for access to this line. The Pennsy's New York–Washington trains began using the route

7802-454: 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 England and Chicago. The new company failed barely two years after formation,

7896-476: Was approved by the full board two days later. The deal finally closed in March 2020, with the MTA taking ownership of the terminal and rail lines. Few railroad historians and former employees view the mega-railroad's brief existence favorably, and the company has little presence in the railroad enthusiast press. The preservation group Penn Central Railroad Historical Society was formed in July 2000 to preserve

7990-552: Was assisted by the Pennsy in the form of a guarantee of $ 500,000 worth of bonds. In 1856, a controlling interest was purchased in the Cumberland Valley Railroad and the Pennsy constructed additional lines in Philadelphia. In 1857, the aforementioned Main Line of Public Works was purchased for $ 7,500,000 ($ 245 million in 2023). The Empire Transportation Company was founded in 1865 by Joseph D. Potts and became

8084-557: Was awarded to South Jersey Port Corporation by the United States Department of Transportation , partially for rehabilitation of the bridge. The improvements were completed. Pennsylvania Railroad 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,

8178-404: Was badly disrupted and they were faced with unmanageable problems which were insurmountable. In addition to overcoming obstacles, the principal problem was too much governmental regulation and a passenger deficit which amounted to more than $ 100 million a year." Almost immediately after the transaction cleared, the organizational headwinds presaged during the merger negotiations began to overwhelm

8272-548: Was in his day the largest railroad in the world, with 6,000 miles of track, and was famous for steady financial dividends, high quality construction, constantly improving equipment, technological advances (such as replacing wood fuel with coal), and innovation in management techniques for a large complex organization. The railroad's other presidents were: The Pennsylvania Railroad's board chairman/CEOs were: The railroad's vice-presidents were: The Pennsy's main line extended from Philadelphia to Pittsburgh, Pennsylvania. In 1861,

8366-415: Was itself purchased and split up in 1999 between the Norfolk Southern Railway and CSX Transportation , with Norfolk Southern getting 58 percent of the system, including nearly all of the remaining former Pennsylvania Railroad trackage. Amtrak received the electrified segment of the Main Line east of Harrisburg. The Penn Central Corporation held several non-rail assets which it continued to manage after

8460-481: Was now redundant with the Pennsylvania Railroad's own line. In 1861, the Pennsy leased the HPMtJ&L to bring the entire stretch of road between Pittsburgh and Philadelphia under its control. The Johnstown to Pittsburgh stretch of canal was abandoned in 1865 and the rest of the canals sold to the Pennsylvania Canal Company in 1866. The main line was double track from its inception, and by

8554-416: Was reached in 1919 when the Pennsy owned a reported 282,729 freight cars. Steel in freight car construction began during the later part of the 19th century, when cars were now being built with a steel underframe and wooden bodies or were all steel. The Pennsy steadily replaced their wooden cars with steel versions until there were no more wooden cars by 1934. During the first quarter of the 20th century,

8648-672: Was restored in May 1973. However, Conrail ceased electric freight operations in 1981 and removed the wires several years later. Passenger train traffic on the bridge ceased in 1969 when Pennsylvania-Reading Seashore Lines service was cut to Lindenwold station after the completion of the PATCO Speedline , but was restored in 1989 when Amtrak began the Atlantic City Express service. Amtrak service ended in 1995, but New Jersey Transit Atlantic City Line service has used

8742-562: Was simultaneously built from Pittsburgh, eastward along the Allegheny and Conemaugh rivers to Johnstown, while the eastern end was built from Harrisburg to Altoona. In 1848, the Pennsy contracted with the Harrisburg, Portsmouth, Mountjoy and Lancaster Railroad (HPMtJ&L) to buy and use equipment over both roads, providing service from Harrisburg east to Lancaster. In 1851, tracks were completed between Pittsburgh and Johnstown. In 1852,

8836-526: Was the longest and heaviest double-track lift bridge in the world at the time. Note that the single-track Cape Cod Canal Railroad Bridge is 2 feet (0.61 m) longer. The bridge was also electrified in the late 1930s, allowing freight trains hauled by electric locomotives to access the Pavonia Yard in Camden, New Jersey , from the Northeast Corridor . Electrification was removed by January 1967 but

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