Pennsylvania Railroad

The Pennsylvania Railroad (reporting mark PRR) was an American Class I railroad, founded in 1846. Commonly referred to as the "Pennsy," the PRR was headquartered in Philadelphia, Pennsylvania.

The PRR was the largest railroad by traffic and revenue in the U.S. for the first half of the twentieth century and was at one time the largest publicly traded corporation in the world. At the end of 1925 it operated 10,515 miles of rail line; in the 1920s it carried about three times the traffic (measured by ton-miles of freight) as other railroads of comparable length, such as Union Pacific or Santa Fe. The only rival was New York Central, which carried around three-quarters of PRR's ton-miles.

During its history the PRR merged with or had an interest in at least 800 other rail lines and companies. The corporation still holds the record for the longest continuous dividend history: it paid out annual dividends to shareholders for more than 100 years in a row. At one point the budget for the PRR was larger than that of the U.S. government; at its peak it employed about 250,000 workers.

In 1968 the Pennsylvania Railroad merged with its rival, the New York Central Railroad, to form the Penn Central Transportation Company. The Interstate Commerce Commission required that the ailing New York, New Haven and Hartford Railroad be added in 1969. A series of events including inflation, poor management, abnormally harsh weather and the withdrawal of a government-guaranteed $200-million operating loan forced the Penn Central to file for bankruptcy protection on June 21, 1970. The viable parts of the Penn Central system were transferred in 1976 to Conrail, which began earning a profit in 1981. The Norfolk Southern Railway and CSX Transportation acquired Conrail in approximately equal portions in 1999, with Norfolk Southern now owning most of the former Pennsylvania Railroad, including the Harrisburg to Pittsburgh segment of the old Pennsy Main Line across Pennsylvania. Amtrak owns the segment east of Harrisburg.

The Pennsylvania Railroad's corporate symbol was the keystone, which is Pennsylvania's state symbol, with the letters PRR intertwined inside. When colored, it was bright red with a silver-grey inline and lettering.

Read more about Pennsylvania Railroad:  Major Passenger Stations, Corporate Officers

Other articles related to "pennsylvania railroad, pennsylvania, railroad":

Newtown Square Branch
... The Newtown Square Branch was a branch line of the Pennsylvania Railroad that diverged from the West Chester Branch in Yeadon, Pennsylvania, and ended in Newtown Square, Pennsylvania ... Built as the Philadelphia Delaware County Railroad in 1888, it was taken over by a subsidiary of the Pennsylvania Railroad in 1894 ... on the west side of Bryn Mawr Avenue south of the Goshen Road intersection - remnants of the railroad bridge that carried the line over Bryn Mawr Avenue at that location ...
PRR L2s - Retirement
... As heavier trains on the Pennsylvania Railroad became a reality, the Pennsylvania Railroad needed a heavier steam locomotive to handle a freight train ... Pennsylvania Railroad locomotives A (0-4-0) A1 · A2 · A3 · A4 · A5s B (0-6-0) B1 (s) · B2 · B3 · B4 · B5 · B6 · B7 · B8 · B1 (e) C (0-8-0) C1 ...
Pennsylvania Railroad Technical And Historical Society
... The Pennsylvania Railroad Technical and Historical Society (PRRTHS) is a railroad historical society founded in 1974 and organized as a Pennsylvania non-profit ... The Society defines its mission as bringing together those interested in the Pennsylvania Railroad and its predecessors and subsidiaries for the purpose of preserving and recording all information ... The society is recognized as the source for PRR information by railroad periodicals such as RailModel Journal, RailPace and Model Railroader ...
Pennsylvania Railroad - Corporate Officers
... Presidents of the Pennsylvania Railroad Samuel V ... Greenough (1960–1968) Chief Executive Officers of the Pennsylvania Railroad James M ... Saunders (1963–1968) The controlling non-institutional shareholders of the Pennsylvania Railroad were, during the early 1960s, Henry Stryker Taylor, who was a part ...
Pennsylvania Class Steamship - Development
... Since 1850, the Pennsylvania Railroad Company (PRR) had enjoyed a lucrative partnership with the British Inman Line, which transported European immigrants from Liverpool direct to Philadelphia, thus ensuring the ... Line switched its destination to New York, depriving the Pennsylvania Railroad of this lucrative trade ... The Railroad made its first attempt to compensate for the lost traffic by organizing its own steamship line in 1863, but the plan was dropped after the ...

Famous quotes containing the words railroad and/or pennsylvania:

    Though the railroad and the telegraph have been established on the shores of Maine, the Indian still looks out from her interior mountains over all these to the sea.
    Henry David Thoreau (1817–1862)

    The discovery of Pennsylvania’s coal and iron was the deathblow to Allaire. The works were moved to Pennsylvania so hurriedly that for years pianos and the larger pieces of furniture stood in the deserted houses.
    —For the State of New Jersey, U.S. public relief program (1935-1943)