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United States Railway Association
The United States Railway Association (USRA) was a government-owned corporation created by United States federal law that oversaw the creation of Conrail, a railroad corporation that would acquire and operate bankrupt and other failing freight railroads. USRA operated from 1974 to 1986. Legislation and establishment of USRA In the Regional Rail Reorganization Act of 1973, also known as the "3R Act," Congress provided interim funding to bankrupt railroads and authorized creation of the Consolidated Rail Corporation (Conrail), another government corporation. The 3R Act authorized the USRA to take over the powers of the Interstate Commerce Commission (ICC) with respect to allowing the bankrupt railroads to abandon unprofitable lines. The USRA was incorporated February 1, 1974, and Edward G. Jordan, an insurance executive from California, was named president on March 18 by President Richard Nixon. Arthur D. Lewis of Eastern Air Lines was appointed chairman April 30, and the rest of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ann Arbor Railroad (1895–1976)
The Ann Arbor Railroad was an American railroad that operated between Toledo, Ohio, and Elberta, Michigan, Elberta and Frankfort, Michigan (about 294 route miles) with train ferry operations across Lake Michigan. In 1967 it reported 572 million net ton-miles of revenue freight, including 107 million in "lake transfer service"; that total does not include the 39-mile subsidiary Manistique and Lake Superior Railroad. The Ann Arbor Railroad main line, company's main line is partially abandoned with ownership split between the state of Michigan, the Huron and Eastern Railway, and the shortline Ann Arbor Railroad (1988), Ann Arbor Railroad (founded in 1988). History The railroad company was chartered September 21, 1895, as successor to the Toledo, Ann Arbor and North Michigan Railway. In 1905, it was acquired by the Detroit, Toledo and Ironton Railroad, Detroit, Toledo & Ironton Railway (DTI) and Eugene Zimmerman (industrialist), Eugene Zimmerman assumed presidency of both lines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Railroad Regulation
Rail transportation in the United States consists primarily of freight shipments along a well integrated network of standard gauge private freight railroads that also extend into Canada and Mexico. The United States has the largest rail transport network of any country in the world, about . Passenger service is a mass transit option for Americans with commuter rail in most major American cities, especially on the East Coast. Intercity passenger service was once a large and vital part of the nation's passenger transportation network, but passenger service shrank in the 20th century as commercial air traffic and the Interstate Highway System made commercial air and road transport a practical option throughout the United States. The nation's earliest railroads were built in the 1820s and 1830s, primarily in New England and the Mid-Atlantic states. The Baltimore and Ohio Railroad, chartered in 1827, was the nation's first common-carrier railroad. By 1850, an extensive railroad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Rail Transport In The United States
Railroads played a large role in the development of the United States from the Industrial Revolution in the Northeast (1820s–1850s) to the settlement of the West (1850s–1890s). The American railroad mania began with the founding of the first passenger and freight line in the country, the Baltimore and Ohio Railroad, in 1827, and the "Laying of the First Stone" ceremonies and the beginning of its long construction heading westward over the obstacles of the Appalachian Mountains eastern chain in the next year. It flourished with continuous railway building projects for the next 45 years until the financial Panic of 1873, followed by a major economic depression, that bankrupted many companies and temporarily stymied and ended growth. Railroads not only increased the speed of transport, they also dramatically lowered its cost. The first transcontinental railroad resulted in passengers and freight being able to cross the country in a matter of days instead of months and at one te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railroad Revitalization And Regulatory Reform Act
The Railroad Revitalization and Regulatory Reform Act of 1976, often called the "4R Act," is a United States federal law that established the basic outlines of regulatory reform in the railroad industry and provided transitional operating funds following the 1970 bankruptcy of Penn Central Transportation Company. The law approved the "Final System Plan" for the newly created Conrail and authorized acquisition of Northeast Corridor tracks and facilities by Amtrak. The Act was the first in a series of laws which collectively are described as the deregulation of transportation in the United States. It was followed by the Airline Deregulation Act (1978), Staggers Rail Act (1980), and the Motor Carrier Act of 1980. Background Following the massive bankruptcy of the Penn Central in 1970, Congress created Amtrak to take over the failed company's intercity passenger train service, under the Rail Passenger Service Act. Congress passed the Regional Rail Reorganization Act of 1973 (the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerald Ford
Gerald Rudolph Ford Jr. (born Leslie Lynch King Jr.; July 14, 1913December 26, 2006) was the 38th president of the United States, serving from 1974 to 1977. A member of the Republican Party (United States), Republican Party, Ford assumed the presidency after the resignation of President Richard Nixon, under whom he had served as the 40th vice president of the United States, vice president from 1973 to 1974 following Spiro Agnew's resignation. Prior to that, he served as a member of the U.S. House of Representatives from 1949 to 1973. Ford was born in Omaha, Nebraska, and raised in Grand Rapids, Michigan. He attended the University of Michigan, where he played for Michigan Wolverines football, the university football team, before eventually attending Yale Law School. Afterward, he served in the U.S. Naval Reserve from 1942 to 1946. Ford began his political career in 1949 as the U.S. representative from Michigan's 5th congressional district, serving in this capacity for nearly 25 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commuter Rail
Commuter rail or suburban rail is a Passenger train, passenger rail service that primarily operates within a metropolitan area, connecting Commuting, commuters to a Central business district, central city from adjacent suburbs or commuter towns. Commuter rail systems can use locomotive-hauled trains or multiple units, using electric or diesel propulsion. Distance charges or zone pricing may be used. The term can refer to systems with a wide variety of different features and service frequencies, but is often used in contrast to rapid transit or light rail. Some services share similarities with both commuter rail and high-frequency rapid transit; examples include German S-Bahn in some cities, the Réseau Express Régional (RER) in Paris, the Milan S Lines, S Lines in Milan, many Japanese commuter systems, the East Rail line in Hong Kong, and some Australasian suburban networks, such as Sydney Trains. Many commuter rail systems share tracks with other passenger services and Cargo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Railroads Transferred To Conrail
The Consolidated Rail Corporation (Conrail) was formed on April 1, 1976 not by a standard merger, but as a new government corporation that took over only designated lines and other rail-related assets from the existing bankrupt companies. Seven major companies were included: *Penn Central Transportation Company (PC), successor to the New York Central Railroad (NYC), New York, New Haven and Hartford Railroad (NH), and Pennsylvania Railroad (PRR) *Erie Lackawanna Railway (EL), successor to the Delaware, Lackawanna and Western Railroad (DL&W) and Erie Railroad (Erie) * Ann Arbor Railroad (AA), controlled by Penn CentralMoody's Transportation Manual, 1975, p. 189 *Central Railroad of New Jersey (CNJ) *Lehigh and Hudson River Railway (L&HR) *Lehigh Valley Railroad (LV), controlled by Penn Central *Reading Company (RDG) So were most railroads that had been leased or controlled by them, sometimes jointly. Conrail maintained existing leases of the small Amsterdam, Chuctanunda and Northern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania-Reading Seashore Lines
The Pennsylvania-Reading Seashore Lines was a railroad that operated in South Jersey in the 20th century. It was created in 1933 as a joint consolidation venture between two competing railroads in the region: the Pennsylvania Railroad and the Reading Company. History In the early 20th century, Atlantic City and the South Jersey seashore were major seaside vacation destinations for Philadelphia area residents. The popularity of South Jersey's seashore was made possible by rail transport, which provided inexpensive and fast service between the Philadelphia area's population centers and shore points. There were two competing railroad companies connecting Camden and, by ferry, Philadelphia, with the South Jersey seashore. Competition was fierce and by its height in the 1920s competition between the West Jersey and Seashore Railroad (WJ&S), owned by the Pennsylvania Railroad, and the Atlantic City Railroad, owned by the Philadelphia and Reading Railway, was so intense that at one ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lehigh And Hudson River Railway
The Lehigh and Hudson River Railway (L&HR) was the smallest of the six railroads that were merged into Conrail in 1976. It was a bridge line running northeast–southwest across northwestern New Jersey, connecting the line to the Poughkeepsie Bridge at Maybrook, New York, with Easton, Pennsylvania, where it interchanged with various other companies. History The roots of the L&HR begin with the founding of the Warwick Valley Railroad. The Warwick Valley Railroad was organized March 8, 1860, by a group of local dairymen and business owners led by Grinnell Burt (1822–1901) as a means of connecting the mainline of the New York and Erie Rail Road at Greycourt, New York, southwest to Warwick, New York. It opened in 1862 and was operated as a branch of the broad-gauged Erie. The Pequest and Wallkill Railroad was chartered by 1870 to build an extension in New Jersey, running from Belvidere (NJ), Belvidere on the Delaware River and Belvidere Delaware Railroad northeast to the New Yor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Railroad Of New Jersey
Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as Middle Africa * Central America, a region in the centre of America continent * Central Asia, a region in the centre of Eurasian continent * Central Australia, a region of the Australian continent * Central Belt, an area in the centre of Scotland * Central Europe, a region of the European continent * Central London, the centre of London * Central Region (other) * Central United States, a region of the United States of America Specific locations Countries * Central African Republic, a country in Africa States and provinces * Blue Nile (state) or Central, a state in Sudan * Central Department, Paraguay * Central Province (Kenya) * Central Province (Papua New Guinea) * Central Province (Solomon Islands) * Central Province, Sri L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reading Company
The Reading Company ( ) was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976. Commonly called the Reading Railroad and logotyped as Reading Lines, the Reading Company was a railroad holding company for most of its existence, and a single railroad in its later years. It operated service as Reading Railway System and was a successor to the Philadelphia and Reading Railway Company, founded in 1833. Until the decline in anthracite shipments from the Coal Region in Northeastern Pennsylvania following World War II, it was one of the most prosperous corporations in the United States. Enactment of the federally-funded Interstate Highway System in 1956 led to competition from the modern trucking industry. They used the Interstates for short-distance transportation of goods, which compounded the company's competition for freight business, forcing it into ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
