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After the
failure of Penn Central in 1970, the government formed the United States
Railway Association in 1973 to develop a plan to save railroading in the
Northeast. The result: Consolidated Rail Corp., which on April 1, 1976,
took over the properties of PC and six smaller roads. On August 22, 1998,
Norfolk Southern and CSX purchased 58% and 42% percent of Conrail stock,
respectively, dividing the railroad between them. Each owner began operating
their portion on June 1, 1999. In three jointly-owned "shared asset" areas,
Conrail still exists as a local freight provider.
There are
2 photos in this section.
Latest update: 02/25/2003.
Official website at http://www.conrail.com.
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