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.
All labels observed (4)
| Label | Occurrences |
|---|---|
| Penn Central Transportation Company canonical | 69 |
| Penn Central | 4 |
| Penn Central Company | 2 |
| Penn Central (briefly, pre-Amtrak) | 1 |
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
self-linksurface differs
ⓘ
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 self-linksurface differs ⓘ
surface form:
Penn Central Company
|
| transported |
freight
ⓘ
passengers ⓘ |
Referenced by (76)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Pennsylvania Railroad
subject surface form:
Pennsylvania Railroad
this entity surface form:
Penn Central
this entity surface form:
Penn Central (briefly, pre-Amtrak)
this entity surface form:
Penn Central
Penn Central Transportation Company
→
successor
→
Penn Central Transportation Company
self-linksurface differs
ⓘ
this entity surface form:
Penn Central Company
Penn Central Transportation Company
→
parentCompanyAfterReorganization
→
Penn Central Transportation Company
self-linksurface differs
ⓘ
this entity surface form:
Penn Central Company
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:
East River Tunnels
subject surface form:
Conrail
this entity surface form:
Penn Central