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Hello Typan, The New York Central and the Pennsylvania RR merged on Feb. 1, 1967, to form the ill-fated Penn Central. The PC went into bankruptcy in 1970. Penn Central and a host of other moribund East Coast railroads were acquired by government-owned Conrail on April 1, 1976. Conrail stock went public in 1987. In 1995, Conrail and CSX announced their intention to merge, prompting a counteroffer from Norfolk Southern. The upshot is that CSX acquired Conrail, then sold about half its routes to NS. Both railroads now own parts of the former NYC. Hope this helps, Paul Schmidt Contributing Editor Trains.com
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