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The Big Blue Conrail | The Hero of the American Railroad Industry | History in the Dark
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When Penn Central collapsed in the beginning of the 1970's, the future of the northeastern United State's rail industry was uncertain at best. The government responded by forming the Consolidated Rail Corporation: better known as Conrail, to clean up the mess. It took some time, pay cuts, layoffs, and branch line abandonment, but by 1981 Conrail was generating a profit and would continue to do so right up until the end.
0:00 - Intro
0:55 - The Backstory
10:16 - Formation
15:54 - Righting the Wrongs
21:42 - Final Act
"Conrail (reporting mark CR), formally the Consolidated Rail Corporation, was the primary Class I railroad in the Northeastern United States between 1976 and 1999. The trade name Conrail is a portmanteau based on the company's legal name. It continues to do business as an asset management and network services provider in three Shared Assets Areas that were excluded from the division of its operations during its acquisition by CSX Corporation and the Norfolk Southern Railway."
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