Penn Central Transportation Company
E9233
Penn Central Transportation Company was a major American railroad formed in 1968 by the merger of the Pennsylvania Railroad and the New York Central Railroad, later becoming infamous for its massive bankruptcy.
Aliases (3)
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
defunct company
→
railroad company → |
| acquired | New York, New Haven and Hartford Railroad → |
| acquisitionCompleted | 1969 → |
| alsoKnownAs |
Penn Central Transportation Company
→
surface form: "Penn Central"
|
| causeOfFailure |
decline in Northeastern U.S. rail traffic
→
deferred maintenance of infrastructure → inadequate regulation of merger → incompatible corporate cultures of predecessor railroads → mismanagement → poor financial controls → |
| ceasedRailOperations | 1976 → |
| country |
United States of America
→
surface form: "United States"
|
| dateOfBankruptcyFiling | 1970 → |
| fate |
non-rail assets reorganized as a holding company
→
rail assets conveyed to Conrail → |
| formedByMergerOf |
New York Central Railroad
→
Pennsylvania Railroad Company →
surface form: "Pennsylvania Railroad"
|
| headquartersLocation |
Philadelphia
→
surface form: "Philadelphia, Pennsylvania"
|
| historicalSignificance |
catalyst for U.S. railroad deregulation reforms
→
catalyst for creation of Conrail → |
| inception | 1968 → |
| industry | rail transportation → |
| legalForm | corporation → |
| notableFor | largest corporate bankruptcy in U.S. history at the time → |
| operated |
commuter rail services
→
freight rail network → intercity passenger trains → |
| operatedIn |
Illinois
→
Indiana → Michigan (most of state) →
surface form: "Michigan"
Mid-Atlantic states → Midwestern United States → New England → New England →
surface form: "New England states"
New Jersey, United States →
surface form: "New Jersey"
New York →
surface form: "New York (state)"
Northeastern United States → Ohio → Pennsylvania → |
| parentCompanyAfterReorganization |
Penn Central Transportation Company
→
surface form: "Penn Central Company"
|
| precededBy |
New York Central Railroad
→
Pennsylvania Railroad Company →
surface form: "Pennsylvania Railroad"
|
| regulatorInvolved |
Surface Transportation Board
→
surface form: "Interstate Commerce Commission"
United States government →
surface form: "U.S. federal government"
|
| successor |
Conrail
→
Penn Central Transportation Company →
surface form: "Penn Central Company"
|
| transported |
freight
→
passengers → |
Referenced by (24)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form: "Penn Central"
Pittsburgh, Cincinnati, Chicago and St. Louis Railroad
→
becamePartOf
→
Penn Central Transportation Company
→
Class I freight railroads in the United States
→
historicallyIncluded
→
Penn Central Transportation Company
→
subject surface form: "Pennsylvania Railroad"
this entity surface form: "Penn Central (briefly, pre-Amtrak)"
subject surface form: "East River Tunnels"
Penn Central Transportation Company
→
parentCompanyAfterReorganization
→
Penn Central Transportation Company
→
this entity surface form: "Penn Central Company"
this entity surface form: "Penn Central Company"
subject surface form: "Pennsylvania Railroad"
this entity surface form: "Penn Central"