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The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976.
The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals, all united by large-scale service into the New York metropolitan area and New England and Chicago.
American railroad company Penn Central Transportation Company declared bankruptcy on June 21, 1970, two and a half years after its formation by the merger of the New York Central Railroad and the Pennsylvania Railroad. At the time, this was the largest bankruptcy in American history.
Penn Central Transportation Company. 5,795 likes · 420 talking about this. PENN CENTRAL won the railroad industry's race to the bottom 50 years ago. Now we're back.
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Learn about the history and collapse of Penn Central, the world's largest privately owned transportation company created by merging New York Central and Pennsylvania Railroads in 1968. Find out how Penn Central's bankruptcy affected Cleveland and its taxpayers.