Pennsylvania Company

Last updated
Pennsylvania Company
Pennsylvania Lines, 1913.png
Pennsylvania Company.jpg
Lines operated by the Pennsylvania Company just before its demise in 1918
Overview
Reporting mark PRR
Locale Pittsburgh, PA to Chicago, IL
Dates of operationApril 1, 1871January 1, 1918
Successor Pennsylvania Railroad
Technical
Track gauge 4 ft 8+12 in (1,435 mm) standard gauge

The Pennsylvania Company, later known publicly as the Pennsylvania Lines (west of Pittsburgh) was a major holding company. It included the Pittsburgh, Fort Wayne and Chicago Railway, the PRR's main route to Chicago. It also owned but did not operate the Pittsburgh, Cincinnati, Chicago and St. Louis Railroad (Pan Handle Route), another line to Chicago. It merged back into the Pennsylvania Railroad in 1918.

Contents

History

The Pennsylvania Company was incorporated April 7, 1870 in Pennsylvania as a holding company with a broad charter. [1] It was organized June 1, with president William Thaw of the PRR. Tom Scott replaced Thaw as the president January 20, 1871. On April 1 of that year the company began operating several railroads; others were acquired later.

The Pennsylvania Company operated the Erie Canal of Pennsylvania from September 16, 1870, to February 4, 1871.

On January 1, 1918, soon after the United States Railroad Administration took over all U.S. railroads, all Pennsylvania Company leases were transferred to the PRR. On March 1, 1920, when the lines were returned to the PRR, they were separated into four regions – the Eastern Region, Central Region, Northwestern Region and Southwestern Region.

The Pennsylvania Company, however, stayed around as a holding company, and was reincorporated in Delaware on December 12, 1958, and reorganized on December 16. Its new purpose was to diversify into real estate and other fields, and the company lasted through the 1968 PRR merger into Penn Central Transportation.

In 1973 or 1974 several subsidiaries were created – the Pennrec Company for theme park investments (including Six Flags Great Adventure and Stars Hall of Fame), the Penn Orlando Company, and Penn Arlington, Inc. (which bought Six Flags Over Texas from the Great Southwest Corporation).

Related Research Articles

<span class="mw-page-title-main">New York Central Railroad</span> American Class I railroad (1853–1968)

The New York Central Railroad was a railroad primarily operating in the Great Lakes and Mid-Atlantic regions of the United States. The railroad primarily connected greater New York and Boston in the east with Chicago and St. Louis in the Midwest, along with the intermediate cities of Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester and Syracuse. New York Central was headquartered in New York City's New York Central Building, adjacent to its largest station, Grand Central Terminal.

The Lake Shore and Michigan Southern Railway, established in 1833, and sometimes referred to as the Lake Shore, was a major part of the New York Central Railroad's Water Level Route from Buffalo, New York, to Chicago, Illinois, primarily along the south shore of Lake Erie and across northern Indiana. The line's trackage remains a major rail transportation corridor used by Amtrak passenger trains and several freight lines; in 1998, its ownership was split at Cleveland, Ohio, between CSX Transportation to the east and Norfolk Southern Railway in the west.

The Pittsburgh and Lake Erie Railroad, also known as the "Little Giant", was formed on May 11, 1875. Company headquarters were located in Pittsburgh, Pennsylvania. The line connected Pittsburgh in the east with Youngstown, Ohio, in the Haselton neighborhood in the west and Connellsville, Pennsylvania, to the east. It did not reach Lake Erie until the formation of Conrail in 1976. The P&LE was known as the "Little Giant" since the tonnage that it moved was out of proportion to its route mileage. While it operated around one tenth of one percent of the nation's railroad miles, it hauled around one percent of its tonnage. This was largely because the P&LE served the steel mills of the greater Pittsburgh area, which consumed and shipped vast amounts of materials. It was a specialized railroad, deriving much of its revenue from coal, coke, iron ore, limestone, and steel. The eventual closure of the steel mills led to the end of the P&LE as an independent line in 1992.

The Pittsburgh, Fort Wayne and Chicago Railway was a major part of the Pennsylvania Railroad system, extending the PRR west from Pittsburgh, Pennsylvania, via Fort Wayne, Indiana, to Chicago, Illinois. It included the current Norfolk Southern-owned Fort Wayne Line east of Crestline, Ohio, to Pittsburgh, and the Fort Wayne Secondary, owned by CSX, from Crestline west to Tolleston in Gary, Indiana. CSX leased its entire portion in 2004 to the Chicago, Fort Wayne and Eastern Railroad (CFE). The remaining portion of the line from Tolleston into Chicago is now part of the Norfolk Southern's Chicago District, with a small portion of the original PFW&C trackage abandoned in favor of the parallel lines of former competitors which are now part of the modern NS system.

<span class="mw-page-title-main">Pittsburgh, Cincinnati, Chicago and St. Louis Railroad</span> Railroad in the United States (1917–1956)

The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad, commonly called the Pan Handle Route, was a railroad that was part of the Pennsylvania Railroad system. Its common name came from its main line, which began at Pittsburgh, Pennsylvania, crossed the Northern Panhandle of West Virginia, and continued west to Bradford, Ohio, where it split into a northern line to Chicago and a southern one through Indianapolis, Indiana, to East St. Louis, Illinois.

The Northeast and the Great Lakes states are connected by an east-west railroad corridor. The endpoints of this corridor are New York City and Chicago. Along the way, the corridor passed through cities such as Philadelphia, Baltimore, Washington, D.C., Pittsburgh, Buffalo and Cleveland. There were branches off the corridor to cities such as Cincinnati, Detroit, Indianapolis, and St. Louis. For over a century, this corridor was dominated by four major railroads, and an aggregate of other railroads that served as a fifth option.

<span class="mw-page-title-main">Cleveland railroad history</span>

Cleveland has been and continues to be deeply rooted in railroad history.

<span class="mw-page-title-main">New Castle Subdivision</span> Railway line in Pennsylvania and Ohio

The New Castle Subdivision is a railroad line owned and operated by CSX Transportation in the U.S. states of Pennsylvania and Ohio. The line runs from New Castle, Pennsylvania west through Youngstown and Akron to Greenwich, Ohio along a former Baltimore and Ohio Railroad line. Its east end is near Mahoningtown, at the west end of the New Castle Terminal Subdivision. Its west end is at the Willard Terminal Subdivision, just east of the Greenwich Subdivision junction at Greenwich. It junctions with the Newton Falls Subdivision at Newton Falls, Ohio, and the CL&W Subdivision at Sterling, Ohio.

The Fort Wayne Line and Fort Wayne Secondary is a rail line owned and operated by the Norfolk Southern Railway (NS), Chicago, Fort Wayne and Eastern Railroad (CFE), and CSX Transportation in Pennsylvania, Ohio, and Indiana. The line runs from Pittsburgh, west via Fort Wayne, Indiana, to Gary, Indiana, along what was once the Pennsylvania Railroad's Pittsburgh to Chicago main line.

The Wheeling and Lake Erie Railway was a Class I railroad mostly within the U.S. state of Ohio. It was leased to the New York, Chicago and St. Louis Railroad in 1949, and merged into the Norfolk and Western Railway in 1988. A new regional railroad reused the Wheeling and Lake Erie Railway name in 1990 when it acquired most of the former W&LE from the N&W.

<span class="mw-page-title-main">Youngstown Belt Railroad</span> Railway line in Ohio

The Youngstown Belt Railroad is a part of the Ohio Central Railroad System, which was bought by Genesee & Wyoming Inc. in 2008, serving the area northwest of Youngstown, Ohio. It began operations in 1997, mainly on ex-Erie Railroad trackage owned by the affiliated Warren and Trumbull Railroad (W&T), which acquired the "Lordstown Cluster" from Conrail in 1996. It also leases a short ex-Baltimore and Ohio Railroad segment from CSX Transportation, formerly operated by the W&T.

<span class="mw-page-title-main">Warren and Trumbull Railroad</span> Railway line in Ohio

The Warren and Trumbull Railroad is a part of the Ohio Central Railroad System, which was bought by Genesee & Wyoming Inc. in 2008, operating three lines in and near Warren. It began operations in 1994 on a line formerly operated by CSX Transportation, and expanded in 1996 on two ex-Conrail lines.

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.

<span class="mw-page-title-main">Wabash Railroad</span> American Class I railroad

The Wabash Railroad was a Class I railroad that operated in the mid-central United States. It served a large area, including track in the states of Ohio, Indiana, Illinois, Iowa, Michigan, and Missouri and the province of Ontario. Its primary connections included Chicago, Illinois; Kansas City, Missouri; Detroit, Michigan; Buffalo, New York; St. Louis, Missouri; and Toledo, Ohio.

<span class="mw-page-title-main">Cleveland, Painesville and Ashtabula Railroad (1848–1869)</span> 19th-century American railroad

The Cleveland, Painesville and Ashtabula Railroad (CP&A), also known informally as the Cleveland and Erie Railroad, the Cleveland and Buffalo Railroad, and the Lake Shore Railroad, was a railway which ran from Cleveland, Ohio, to the Ohio-Pennsylvania border. Founded in 1848, the line opened in 1852. The railroad completed the rail link between Buffalo, New York, and Chicago, Illinois.

<span class="mw-page-title-main">Cleveland and Mahoning Valley Railroad</span> Shortline railroad in Ohio, U.S.

The Cleveland and Mahoning Valley Railroad (C&MV) was a shortline railroad operating in the state of Ohio in the United States. Originally known as the Cleveland and Mahoning Railroad (C&M), it was chartered in 1848. Construction of the line began in 1853 and was completed in 1857. After an 1872 merger with two small railroads, the corporate name was changed to "Cleveland and Mahoning Valley Railroad". The railroad leased itself to the Atlantic and Great Western Railway in 1863. The C&MV suffered financial instability, and in 1880 its stock was sold to a company based in London in the United Kingdom. A series of leases and ownership changes left the C&MV in the hands of the Erie Railroad in 1896. The CM&V's corporate identity ended in 1942 after the Erie Railroad completed purchasing the railroad's outstanding stock from the British investors.

References

  1. Montague, Gilbert Holland (1902). "The Ride and Supremacy of the Standard Oil Company". The Quarterly Journal of Economics. 16 (2): 262–292. doi:10.2307/1882746. JSTOR   1882746.