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YouTubeCharles Smiley Presents Videos
CONRAIL: BEGINNING TO THE END: The Full Movie
This is the 1976 to 1997 story of the Consolidated Rail Corporation, widely known as Conrail. It was created from the bankrupt Penn Central and a number of other bankrupt northeastern roads in 1976. We bring the early years of rebuilding, and the later years of a successful operation, that surprised nearly everyone. Everyone that is except the ...
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The Federal Government Created Conrail in 1976 by Seizing 6 Bankrupt Pennsylvania Railroads Six major Northeast railroads including Penn Central, Reading, and Lehigh Valley went bankrupt by the early 1970s, threatening to collapse freight shipping across the industrial Northeast. Congress created Conrail in 1976 as a government-owned corporation that seized 13,000 miles of track and 70,000 employees with $3.5 billion in federal funding, operated at a loss until becoming profitable in the mid-198
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