Conrail Delivers As Promised 1984 Coffee

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Conrail Delivers as Promised Primary Class I railroad in the Northeast between and . The Consolidated Rail Corporation, commonly known as Conrail was the primary Class I railroad in the Northeast between and . The federal government created it to take over the potentially profitable train lines of bankrupt carriers, including the Penn Central Railroad Company, Reading Railroad, and Erie Lackawanna Railway. With the benefit of regulatory changes, Conrail began to turn a profit in the s and was turned over to private investors and railroads in The two remaining Class I railroads in the East, CSX Railroad Transportation and the Norfolk Southern Railway (NS), agreed in to split the system approximately equally, returning rail freight competition to the Northeast by essentially undoing the 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 , and on June 1, , began operating their portions of Conrail.

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