Changes

Financially, however, the Pennsy had high operating costs, and was barely surviving in the face of competition from trucks. Passenger traffic made up 20% of the business, and had very high operating costs, especially in suburban commuting runs. The threat from automobiles was ominous.

Financially, however, the Pennsy had high operating costs, and was barely surviving in the face of competition from trucks. Passenger traffic made up 20% of the business, and had very high operating costs, especially in suburban commuting runs. The threat from automobiles was ominous.

In 1968 the Pennsy merged with the rival [[New York Central]] into the Penn Central Transportation Company, which went bankrupt in 1970.  The railroad continued to operate and today its historic track is largely operated by the Norfolk Southern Railway.  

In 1968 the Pennsy merged with the rival [[New York Central]] into the [[Penn Central]] Transportation Company, which went bankrupt in 1970.  The railroad continued to operate and today its historic track is largely operated by the Norfolk Southern Railway.

==see also==

==see also==