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Transportation Company - Central Railroad of New Jersey - Railroad

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Transportation Company - Central Railroad of New Jersey - Railroad
Company Name Central Railroad of New Jersey
Category Railroad
Year Founded 1839
Final Year of Operation 1976
Termination Merged
Successor/Parent Conrail (Details)
Country United States (Details)
Source of Text Wikipedia
Text Credit URL Link



Company History: The Central Railroad of New Jersey, also known as the Jersey Central or Jersey Central Lines (reporting mark CNJ), was a Class I railroad with origins in the 1830s. It filed for bankruptcy three times; in 1939, 1947 and on March 22, 1967, the CNJ filed for bankruptcy for the final time. It foreshadowed the rest of New Jersey's railroads, but not by much. It then pulled out of Pennsylvania completely in 1972. While most of the passenger services, structures and equipment were picked up by the State of New Jersey, later NJ Transit, it was absorbed into Conrail in April 1976 along with several other prominent bankrupt railroads of the northeastern United States. Only two of the railroad's steam locomotives were preserved: CNJ No. 592 & CNJ No. 113; the latter is the only one that is still operational. The CNJ's main line had a major presence in New Jersey. Most of the main line is now used by the Raritan Valley Line passenger service and trackage from the CNJ main line in Phillipsburg, New Jersey became part of the Lehigh Line under Conrail; the Lehigh Line is officially the former main line of the Lehigh Valley Railroad.https://en.wikipedia.org/wiki/Central_Railroad_of_New_JerseyFrom 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: 3 different collections associated with Central Railroad of New Jersey - Railroad
Item created by: CNW400 on 2019-02-19 13:01:54

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