Penn Central Transportation Company

Uncommon card · No. 151835

The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals (the Pennsylvania, New York Central and the New York, New Haven and Hartford railroads), each of which were united by large-scale service into the New York metropolitan area and to a lesser extent New England and Chicago. Barely two years after its formation, the new company failed in what was the largest bankruptcy in U.S. history at the time. Penn Central's railroad assets were subsequently nationalized into Conrail along with those of other bankrupt northeastern railroads; its real estate and insurance holdings successfully reorganized into American Premier Underwriters.

Read on Wikipedia · Image Roger Puta, Public domain