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A conglomerate is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries under one corporate group. A conglomerate usually has a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, spin-offs, or joint ventures.
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 heavy service into the New York metropolitan area and New England and Chicago. The new company failed barely two years after formation, the largest bankruptcy in U.S. history at the time. The Penn Central's railroad assets were nationalized into Conrail along with the other bankrupt northeastern roads; its real estate and insurance holdings successfully reorganized into American Premier Underwriters.
Alleghany Corporation is an American investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated in Delaware in 1984. On March 21, 2022, Berkshire Hathaway made an $11.6 billion offer to acquire the company, which completed in October 2022.
Ling-Temco-Vought (LTV) was a large American conglomerate which existed from 1961 to 2000. At its peak, it was involved in aerospace, airlines, electronics, steel manufacturing, sporting goods, meat packing, car rentals, and pharmaceuticals, among other businesses.
The Maine Central Railroad was a U. S. class 1 railroad in central and southern Maine. It was chartered in 1856 and began operations in 1862. By 1884, Maine Central was the longest railroad in New England. Maine Central had expanded to 1,358 miles (2,185 km) when the United States Railroad Administration assumed control in 1917. The main line extended from South Portland, Maine, east to the Canada–United States border with New Brunswick, and a Mountain Division extended west from Portland to St. Johnsbury, Vermont, and north into Quebec. The main line was double track from South Portland to Royal Junction, where it split into a "lower road" through Brunswick and Augusta and a "back road" through Lewiston, which converged at Waterville into single track to Bangor and points east. Branch lines served the industrial center of Rumford, a resort hotel on Moosehead Lake and coastal communities from Bath to Eastport.
The International Railway of Maine was a historic railroad constructed by the Canadian Pacific Railway (CPR) between Lac-Mégantic, Quebec, and Mattawamkeag, Maine, closing a key gap in the railway's transcontinental main line to the port of Saint John, New Brunswick.
Pan Am Railways, Inc. (PAR) is a subsidiary of CSX Corporation that operates Class II regional railroads covering northern New England from Mattawamkeag, Maine, to Rotterdam Junction, New York. Pan Am Railways is primarily made up of former Class II regional railroads such as Boston and Maine Corporation, Maine Central Railroad Company, Portland Terminal Company, and Springfield Terminal Railway Company. It was formerly known as Guilford Transportation Industries and was also known as Guilford Rail System. Guilford bought the name, colors, and logo of Pan American World Airways in 1998.
The Bangor and Aroostook Railroad was a United States railroad company that brought rail service to Aroostook County in northern Maine. Brightly-painted BAR boxcars attracted national attention in the 1950s. First-generation diesel locomotives operated on BAR until they were museum pieces. The economic downturn of the 1980s, coupled with the departure of heavy industry from northern Maine, forced the railroad to seek a buyer and end operations in 2003. It was succeeded by the Montreal, Maine and Atlantic Railway.
La Romana is a municipality and capital of the southeastern province of La Romana, opposite Catalina Island. It is one of the 10 largest cities in the Dominican Republic with a population estimated in 2010 at 130,426 within the city limits, of whom 127,623 are urban and 2,803 are rural. The name Romana comes from the word "Bomana", a name given by Indians to what is known today as Romana River.
IJM Corporation Berhad is one of Malaysia's leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad. Its core business activities encompass construction, property development, manufacturing and quarrying, Infrastructure concessions and plantations. Headquartered in Selangor, Malaysia, IJM's regional aspirations have seen it establish a growing presence in neighbouring developing markets with operations presently spanning 10 countries, with primary focus in Malaysia, Singapore, Australia, United Arab Emirates, China, Indonesia and India.
The Eastern Maine Railway Company Limited is a 99.5 mi (160.1 km) U.S. short line railroad owned by the New Brunswick Railway Company, a holding company that is part of "Irving Transportation Services", a division within the industrial conglomerate J.D. Irving Limited.
The Florida Southern Railway was a railroad that operated in Florida in the late 1800s. It was one of Florida's three notable narrow gauge railway when it was built along with the South Florida Railroad and the Orange Belt Railway. The Florida Southern was originally chartered to run from Lake City south through central Florida to Charlotte Harbor. However, with the influence of Henry B. Plant, it operated with two discontinuous segments that would be part of the Plant System, which would later become part of the Atlantic Coast Line Railroad.
The following is a brief history of the North American rail system, mainly through major changes to Class I railroads, the largest class by operating revenue.
The Canadian American Railroad was a railroad that operated between Brownville Junction, Maine and Lennoxville, Quebec. The railroad later expanded west to Farnham, Quebec and then St-Jean-sur-Richelieu, Quebec with running rights on Canadian Pacific Railway (CP) to Montreal, Quebec. CDAC was established in 1994 and operated as a railroad between 1995 and 2002. It was owned by transportation holding company Iron Road Railways.
The Maine Northern Railway Company Limited is a 258 mi (415 km) U.S. and Canadian short line railroad owned by the New Brunswick Railway Company, a holding company that is part of "Irving Transportation Services", a division within the industrial conglomerate J.D. Irving Limited.
O'Day Corp. was a America sailboat builder, located in Fall River, Massachusetts.
Envirotech was an American company based in Menlo Park, California and founded in 1968 or 1969 by Robert L. Chambers in Palo Alto, California. It was described by one journalist in 1977 as "the world's leader in manufacture and sale of equipment for processing water for municipal systems and liquids in industrial processes."
Ranger Yachts was an American boat builder founded by Jack Jensen. The company specialized in the design and manufacture of sailboats for the North American market.
The Cal 22 is an American trailerable sailboat that was designed by C. R. Hunt Associates as a cruiser and first built in 1984.
The O'Day 40 is an American sailboat that was designed by C. Raymond Hunt Associates and Philippe Briand as a cruiser and first built in 1986.
References
- ↑ "Bangor Punta: A Twentieth Century Conglomerate". GG Archives. Retrieved 22 August 2013.
- ↑ Staff (4 Apr 1970). "Envirotech Fights Pollution". Oshkosh Daily Northwestern . p. 10 – via Newspapers.com.