![]() Under the 3R Act, the United States Railway Association (USRA) prepared a Final System Plan, identifying the rail lines from the bankrupt railroads that would be transferred to Conrail. To address the looming collapse of freight and passenger rail traffic in the East as a result of those railroad bankruptcies, Congress passed the Regional Rail Reorganization Act of 1974, the 3R Act, which provided interim funding and created Conrail as a government-funded private company. Conrail, now 40, continues to thrive, albeit in a very different form from when it first turned a wheel.įirst, some history. government a new railroad cobbled together from six bankrupt Northeastern carriers: Penn Central, Erie-Lackawanna, Jersey Central, Lehigh Valley, Reading, and Lehigh & Hudson River. On that day, Consolidated Rail Corp., better known as Conrail, began operating under the auspices of the U.S. LA Metro Sets Opening Date for Regional ConnectorĪpwas a watershed day in U.S.Unveiled: Project Connect’s First Phase Alignment.People News: Valley Metro, Railroad Software.FRA Issues NPRM to Amend Passenger Equipment Safety Standards (UPDATED May 25).Transit Briefs: NYMTA, MARTA, SMART, VTA/BART, Miami-Dade County/Brightline.Transit Briefs: CATS, LACMTA, MTA Metro-North, SacRT, TriMet.Amtrak Launches All-New Acela First Class Dining Menu.Transit Briefs: Amtrak, GO Transit, NNEPRA, VRE, WMATA.GDC Shortlists Three Hudson Tunnel Project Teams.
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