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Transportation Company - Erie Lackawanna - Railroad

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Transportation Company - Erie Lackawanna - Railroad
Company Name Erie Lackawanna
Category Railroad
Year Founded 1960
Final Year of Operation 1976
Termination Merged
Successor/Parent Conrail (Details)
Country United States (Details)
Transportation Company - Erie Lackawanna - Railroad



Company History: The Erie Lackawanna Railway (reporting mark EL), known as the Erie Lackawanna Railroad until 1968, was formed from the 1960 merger of the Erie Railroad and the Delaware, Lackawanna & Western Railroad. The official motto of the line was "The Friendly Service Route".

Like many railroads in the northeast already financially vulnerable from the expanding U.S. Interstate Highway System, the line was severely weakened fiscally by the extent, duration and record flood levels due to Hurricane Agnes in 1972. It would never recover, and most of the corporation's holdings were subsumed into the federal rescue purchases creating Conrail in 1976, ending its days as an operating railroad company.

Read more on Wikipedia.

Successor/Parent History:
The Consolidated Rail Corporation, commonly known as Conrail (reporting mark CR), was the primary Class I railroad in the Northeast U.S. between 1976 and 1999. Conrail is a portmanteau of "consolidated" and "rail" from the name of the company.

The U.S. federal government created Conrail to take over the potentially profitable lines of multiple bankrupt carriers, including the Penn Central Transportation Company and Erie Lackawanna Railway. With the benefit of industry-wide regulatory requirements being reduced (via the 4R Act and the Staggers Act), Conrail began to turn a profit in the 1980s and was turned over to private investors in 1987. The two remaining Class I railroads in the East, CSX Transportation and the Norfolk Southern Railway (NS), agreed in 1997 to split the system approximately equally, returning rail freight competition to the Northeast by essentially undoing the 1968 merger of the Pennsylvania Railroad and New York Central Railroad that created Penn Central. Following Surface Transportation Board approval, CSX and NS took control in August 1998, and on June 1, 1999, began operating their portions of Conrail.

Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.


Item Links: We found: 4 different collections associated with Erie Lackawanna - Railroad
Item created by: gdm on 2017-10-10 09:56:32. Last edited by gdm on 2018-10-11 23:07:21

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