Pittsburgh & Lake Erie

Company History: The Pittsburgh and Lake Erie Railroad (P&LE) (reporting mark PLE), also known as the "Little Giant", was formed on May 11, 1875. In 1880, William Henry Vanderbilt's Lake Shore and Michigan Southern Railway bought stock to the tune of $200,000 in the P&LE. The P&LE would stay in the Vanderbilt's New York Central system until Conrail. Company headquarters were located in Pittsburgh, Pennsylvania. The line connected Pittsburgh in the east with Youngstown, Ohio at nearby Haselton, Ohio in the west and Connellsville, Pennsylvania to the east. It did not reach Lake Erie (at Ashtabula, Ohio) until the formation of Conrail in 1976.

The P&LE was known as the "Little Giant" since the tonnage that it moved was out of proportion to its route mileage. While it operated around one tenth of one percent of the nation's railroad miles, it hauled around one percent of its tonnage. This was largely because the P&LE served the steel mills of the greater Pittsburgh area, which consumed and shipped vast amounts of material. It was a specialized railroad deriving much of its revenue from coal, coke, iron ore, limestone, and steel. The eventual closure of the steel mills led to the end of the P&LE as an independent line in 1992.

At the end of 1970 P&LE operated 211 miles of road on 784 miles of track, not including PC&Y and Y&S; in 1970 it reported 1419 million ton-miles of revenue freight, down from 2437 million in 1944.

Successor/Parent History: CSX Transportation (reporting mark CSXT) is a Class I railroad in the United States. The main subsidiary of the CSX Corporation, the railroad is headquartered in Jacksonville, Florida, and owns about 21,000 route miles (34,000 km). CSX operates one of the three Class I railroads serving most of the East Coast, the other two being the Norfolk Southern Railway (NS) and Canadian Pacific Railway. It also serves the Canadian provinces of Ontario and Quebec. Together CSX and Norfolk Southern Railway have a duopoly over all east-west freight rail traffic east of the Mississippi River. As of October 1, 2014 CSX's total public stock value was slightly over $32 billion.

CSX Transportation was formed on November 1, 1980, by combining the railroads of the former Chessie System with Seaboard Coast Line Industries, and finally with the Seaboard System Railroad in 1986. The originator of the Seaboard System was the former Seaboard Air Line Railroad, which previously merged with the Atlantic Coast Line Railroad in 1967, and later with the Louisville & Nashville Railroad, as well as several smaller subsidiaries such as the Clinchfield Railroad, Atlanta & West Point Railroad, Monon Railroad and the Georgia Railroad. The origin of the Chessie System was the former Chesapeake & Ohio Railway, which had merged with the Baltimore & Ohio Railroad, and the Western Maryland Railway.

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