Reading Company

The Reading Company (Pronounced Redding.

logotyped as Reading Lines), usually called the Reading Railroad, officially the Philadelphia and Reading Rail Road and then the Philadelphia and Reading Railway until 1924, operates in southeast Pennsylvania and neighboring states.

Until the decline in anthracite loadings in the Coal Region after World War II, it is one of the most prosperous corporations in the United States.

Reduced coal traffic coupled with highway competition and short hauls force it into bankruptcy in the 1970s.

The railroad is merged into Conrail in 1976, but the corporation lasts into 2000, disposing of real estate holdings.As of December 31, 1929, 1460.3 route-miles and 3643.9 track-miles plus 163.9/321.7 on the Atlantic City RR; as of 31 Dec 1970, 1210 route-miles, 2772 track-miles not including PRSL.Since the railroad serves Atlantic City, New Jersey (via subsidiary The Atlantic City Railroad), the Reading Railroad is a property in the American version of the board game Monopoly.