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Transportation Company - Reading - Railroad

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Transportation Company - Reading - Railroad
Company Name Reading
Category Railroad
Year Founded 1833
Final Year of Operation 1976
Termination Merged
Successor/Parent Conrail (Details)
Country United States (Details)
Source of Text Bluford Shops
Text Credit URL Link
Transportation Company - Reading - Railroad



Company History: Let’s get a couple of quick clarifications out of the way first. Reading rhymes with bedding and is not “reading” a book. Second, the only “Reading Railroad” is on the Monopoly game board. Its actual name was “Reading Company” with “Reading Lines” used on logos and advertising.

The Reading Company, usually called the Reading Railroad as was enshrined by the Monopoly board game, and boasting a predecessor company officially founded under the name the Philadelphia and Reading Railway Company, operated in southeast Pennsylvania and neighboring states from 1833 through 1976. Until the decline in anthracite loadings in the Coal Region after World War II, it was one of the most prosperous corporations in the United States.

Reduced coal traffic coupled with highway competition and short hauls forced it into bankruptcy in the 1970s. The railroad was merged into Conrail in 1976, but the corporation lasted into 2000, disposing of real estate holdings.

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: 3 different collections associated with Reading - Railroad
Item created by: gdm on 2017-10-10 09:58:15. Last edited by gdm on 2021-08-18 12:57:49

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