Pennsylvania Railroad

The Pennsylvania Railroad (reporting mark PRR) is an American Class I railroad, founded in 1846.

Commonly referred to as the "Pennsy," the PRR is headquartered in Philadelphia, Pennsylvania.The PRR is the largest railroad by traffic and revenue in the U.S. for the first half of the twentieth century and is at one time the largest publicly traded corporation in the world.

At the end of 1925, it operates 10,515 miles of rail line; in the 1920s, it carries about three times the traffic (measured by ton-miles of freight) as other railroads of comparable length, such as Union Pacific or Santa Fe.

The only rival is New York Central, which carries around three-quarters of PRR's ton-miles.During its history, the PRR merges with or has an interest in at least 800 other rail lines and companies.

The corporation still holds the record for the longest continuous dividend history: it pays out annual dividends to shareholders for more than 100 years in a row.

At one point, the budget for the PRR is larger than that of the U.S. government; at its peak it employs about 250,000 workers.

In 1968, the Pennsylvania Railroad merges with its rival, the New York Central Railroad, to form the Penn Central Transportation Company.

The Interstate Commerce Commission requires that the ailing New York, New Haven and Hartford Railroad be added in 1969.

A series of events including inflation, poor management, abnormally harsh weather and the withdrawal of a government-guaranteed $200-million operating loan forces the Penn Central to file for bankruptcy protection on June 21, 1970.

The viable parts of the Penn Central system are transferred in 1976 to Conrail, which begins earning a profit in 1981.

The Norfolk Southern Railway and CSX Transportation acquires Conrail in approximately equal portions in 1999, with Norfolk Southern now owning most of the former Pennsylvania Railroad, including the Harrisburg to Pittsburgh segment of the old Pennsy Main Line across Pennsylvania.

Amtrak owns the segment east of Harrisburg.The Pennsylvania Railroad's corporate symbol is the keystone, which is Pennsylvania's state symbol, with the letters PRR intertwined inside.

When colored, it is bright red with a silver-grey inline and lettering.

No related events match the current filters.