Preliminary System Plan for Restructuring Railroads in the Northeast and Midwest Region Pursuant to the Regional Rail Reorganization Act

United States Railway Association

Preliminary System Plan for Restructuring Railroads in the Northeast and Midwest Region Pursuant to the Regional Rail Reorganization Act

Washington, DC

Government Printing Office

1975

Penn Central’s failure coincided with or contributed to the failure of several other railroads. The federal government had to step in to reorganize these lines. The Regional Rail Reorganization Act was passed in 1973 to create the USRA, which produced a plan for the reorganization of these bankrupt railroads. The result was the Consolidated Rail Corporation, known as Conrail, an entirely government-owned railroad.