Conrail

Conrail {{reporting mark|CSAO}}, 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.

Related Topics:
American - Railroad - New Jersey - Michigan - CSX Transportation - Norfolk Southern Railway

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

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.

Related Topics:
April 1 - 1976 - Northeast U.S. - August 22 - 1998 - CSX Transportation - Norfolk Southern Railway - June 1 - 1999

~ ~ ~ ~ ~ ~ ~ ~ ~ ~