Conrail

Conrail , officially the Consolidated Rail Corporation, is an American railroad company. It operates two small networks in New Jersey and Michigan, serving as a local carrier and switching company for CSX Transportation and the Norfolk Southern Railway. This arrangement is often referred to as Conrail Shared Assets Operations, the basis of the current reporting mark, and the areas are known as the Shared Assets Areas.

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Conrail was formed on April 1, 1976 as a merger between the major railroad companies in the Northeast U.S., all of which were financially failing. Against all predictions, Conrail managed to turn a profit, and on August 22, 1998 (the Control Date), most of Conrail's track was split between CSX Transportation (42%) and the Norfolk Southern Railway (58%). Conrail continued to operate its former system until June 1, 1999 (Day One, the Closing Date or the Split Date). The three areas still owned by Conrail were kept to avoid giving one railroad an advantage in those areas.

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American: :This page disambiguates the many uses of American. For an article about those various uses, please see Use of the word American....

Railroad: REDIRECT Rail transport...

New Jersey: New Jersey is the fifth smallest but most densely populated state of the United States of America; the U.S. postal abbreviation is NJ. The state is named after the island of Jersey in the English Channel....