Talk:List of companies transferred to Conrail

Untitled

Several companies were on the list, but I'm not sure if they belong, since they're not on the list in "Conveyance Process":

• New York and Harlem Railroad (this was apparently all subsidised or Metro-North trackage rights - what about at Chatham? was that B&A? What about the Port Morris Connection? That was owned by NY&H according to a 1999 track chart - was it leased to Conrail?)
• Raritan Terminal and Transportation Company (this does appear on a 1981 Conrail map as the "Middlesex Track"

--NE2 13:00, 26 November 2008 (UTC)

Final System Plan, p. 83:

[this appears to have been some sort of traffic analysis, and is the only mention I can find of Raritan Terminal] Ann Arbor, Pennsylvania-Reading Seashore Lines, Lehigh & New England, New York & Long Branch, Ironton, Buffalo Creek, Chicago River & Indiana, Raritan River, Raritan Terminal & Transportation, certain parts of the Reading and Erie Lackawanna, new trackage rights and the light line segments eligible for subsidy which will not be conveyed to ConRail.

FSP, p. 230:

Section 206(c)(1) authorizes USRA to designate rail properties "of railroads in reorganization in the region". USRA has concluded that where properties formally belonging to a non-railroad subsidiary are in fact used as an integral part of the parent's railroad operations and where the subsidiary is wholly or almost wholly owned by the parent, the properties may be considered properties "of" the parent for purposes of this section because they are "otherwise controlled" by the parent.

Both the Reading and the Penn Central have trucking company subsidiaries. The FSP designates for transfer to ConRail all assets of Pennsylvania Truck Lines, including PC's and Penn Truck Lines leasehold interest in all highway revenue and other equipment owned by another PC subsidiary, Excelsior Trunk[sic] Leasing Company, subject to the lease designation standard described below. The operations of Penn Truck are integral with Penn Central's intermodal services. Reading Transportation, on the other hand, functions mostly as a motor carrier independent of Reading's rail freight services. Reading's rail freight services. Consequently, Chessie is offered only Reading's leasehold or contractual interests in assets of Reading Transportation Co.

Leasehold and Other Interests in the Assets of Another Entity

There are several different situations in which a railroad in reorganization holds a leasehold or other limited interest in properties belonging to another entity, where USRA either cannot or has chosen not to designate the owners' interest for transfer. An example is the railroad's interests as lessee of rolling stock and other equipment from equipment leasing companies controlled by or affiliated with the Penn Central corporate family. In all cases the FSP designates only a transfer of the railroad's interest as lessee,²¹ under the lease designation standards described below.

In one special situation, the Lehigh Valley leases the Lehigh and Susquehanna Railroad (L&S) from the Lehigh Coal and Navigation Company (LC&N) which is not a railroad. In 1962, LC&N sold the underlying fee interest to the Reading subject to the Reading subject to LC&N's right to receive the leasehold income until 1997. Section 303(b)(4) of the Act prohibits designation of the leased properties unless the transferee assumes the terms and conditions of the lease. Under the circumstances, the FSP designates for transfer to ConRail the Lehigh Valley's leasehold interest and the reversionary interest held by the Reading.

There are other special situations in which leasehold or other special interests have been designated for transfer to ConRail. Penn Central, for instance, holds leasehold interests which are in the nature of operating agreements in the Amsterdam, Chuctanunda and Northern Railroad and in the Central Railroad Co. of Indianapolis. Although the properties of these two entities could be designated directly for transfer, USRA believes it is more desirable to preserve the existing operating relationship and therefore has designated only Penn Central's contractual rights for transfer to ConRail.

Entities Whose Property is Not Designated

Finally, to complete this review of the entities that comprise the corporate families of the railroads in reorganization, there are approximately 80 corporations affiliated with railroads in reorganization, primarily corporations in the Penn Central system, whose properties and property interests are not to any extent designated for transfer under this plan. They include six operating railroads²² and six terminal companies,²³ whose present operations will not be affected by the Act's conveyance process; they include 12 subsidiaries or affiliates with primarily rail assets,²⁴ which are affected in various ways by the conveyance process; the balance are affiliates or subsidiaries with primarily non-rail assets, including such important enterprises as the Pennsylvania Co. and its subsidiaries and affiliates²⁵ and the principal real estate companies and other non-rail enterprises owned by each of the railroads in reorganization.²⁶

• 21 Associates of the Jersey Company, Delaware Car Leasing, DTB, Inc., GSC Leasing Corp., GreenCar Corp., General Car Leasing Co. and Pennsylvania Car Leasing Co.
• 22 Operating railroads: Pittsburgh & Lake Erie Railroad, Central Indiana Railway, Lake Erie & Eastern Railroad, Toronto Hamilton & Buffalo Railway and two operating railroads controlled or affiliated with the Pennsylvania Company, the Detroit, Toledo & Ironton, and the Toledo, Peoria & Western Railroad.
• 23 Terminal Companies: Akron Union Passenger Depot, Chicago Union Station, Cincinnati Union Terminal, Washington Terminal Company, Union Belt of Detroit, and Cleveland Union Terminals Company.
• 24 Subsidiaries: Waynesburg & Washington Railroad, Owasco River Railway, Fort Wayne Railway, Mackinac Transportation Company, Tylerdale Connecting, Pittsburgh & Cross Creek Railroad, Pullman Co., Cleveland Technical Center, North Brookfield Railroad, Pittsburgh-Philadelphia Transportation Co., and Jersey Central Transportation Co. In the case of the New York & Harlem Railroad most of Its rail properties are subject to a long-term lease with the Metropolitan Transportation Authority in New York. The FSP designates to ConRail the trackage rights reserved by Penn Central under the agreement with MTA. In addition, the FSP designates to ConRail a trackage right from Penn Central's leasehold covering 8.1 miles of line needed for freight operation outside the area covered by the agreement with MTA.
• 25 Arvida Corporation, Buckeye Pipeline Company, Clearfield Bituminous Coal Company, Cambria & Indiana Railroad, Great Southwest Corporation, Madison Square Garden Corporation, Penn Towers, Strick, Inc., and Transport Pool Corporation.
• 26 Excelsior Truck Leasing Co., East Hartford Freight Co., Chicago & Harrisburg Coal Co., Dispatch Shops, Inc., Green Real Estate, Manor Real Estate Co. (except for Buckeye Yard), New York Central Development Co., Penn Central Park Co., Penndiana Improvement Co., Merchants Dispatch Transportation Co., Providence Produce Warehouse, Realty Hotels, Terminal Realty Penn Co., Western Warehousing Co., American Contract Co., Delbay Corp., Mayret Corp., Ambler Container Co., Eastern Real Estate Co., Philadelphia Reading & Pottsville Telegraph Co., Reading Dispatch Co., Rydal Equipment Co., Communipaw Central Land Co., Black Diamond Transport Co., Consolidated Real Estate Co., United Real Estate Co., Abalan Corp., Harlem Transfer Co., Hoboken Ferry Co. , Erie Land & Improvement Co., Erie Land & Improvement Co. of Pa., Hudson Realty Co., Lawroy Land Co., Northwestern Mining & Exchange Co. of Erie, Pa., and Pennsylvania Coal Co.

--NE2 23:15, 26 November 2008 (UTC)

Article title and scope

What this article really lists is all the "transferors" who conveyed property. The companies themselves weren't transferred, just some of the property they owned. The bankrupt estates continued to exist, and continued to own property, including railway lines in some cases. They also didn't just convey to Conrail, but to various profitable railroads, states, commuter agencies, or Amtrak (via Conrail, but never mind). The Ann Arbor, for example, didn't actually convey anything to Conrail, although Conrail did serve as designated operator from 1976-1977. Mackensen (talk) 04:11, 7 December 2023 (UTC)