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[[File:Conrail System Map.PNG|thumb|right|System map]]
[[File:Conrail System Map.PNG|thumb|right|System map]]
The '''Consolidated Rail Corporation''', commonly known as '''Conrail''' {{reporting mark|CR}}, was the primary [[Class I railroad]] in the Northeastern United States between 1976 and 1999. Conrail is a [[portmanteau]] of "consolidated" and "rail" from the name of the company.
The '''Consolidated Rail Corporation''', commonly known as '''Conrail''', was the primary [[Class I railroad]] in the Northeastern United States between 1976 and 1999. Conrail is a [[portmanteau]] of "consolidated" and "rail" from the name of the company.
The federal government created Conrail following the bankruptcies of several large railroads, including the [[Penn Central Transportation Company]] and [[Erie Lackawanna Railway]]. Following the reduction of regulatory requirements on railroads with the enactment of the [[4R Act]] and the [[Staggers Act]]) as well as a weakening of the railroad unions, Conrail began to turn a profit in the 1980s and was turned over to private investors in 1987. The two remaining Class I railroads in the Eastern United States, [[CSX|CSX Transportation]] and the [[Norfolk Southern Railway]] (NS), agreed in 1997 to split the system approximately equally, returning rail freight competition to the Northeast. CSX and NS took control in August 1998, and on June 1, 1999, began operating their portions of Conrail.
The federal government created Conrail following the bankruptcies of several large railroads, including the [[Penn Central Transportation Company]] and [[Erie Lackawanna Railway]]. Following the reduction of regulatory requirements on railroads with the enactment of the [[4R Act]] and the [[Staggers Act]]) as well as a weakening of the railroad unions, Conrail began to turn a profit in the 1980s and was turned over to private investors in 1987. The two remaining Class I railroads in the Eastern United States, [[CSX|CSX Transportation]] and the [[Norfolk Southern Railway]] (NS), agreed in 1997 to split the system approximately equally, returning rail freight competition to the Northeast. CSX and NS took control in August 1998, and on June 1, 1999, began operating their portions of Conrail.