Penn Central

Today is the 50th anniversary of the ill-fated Penn Central merger. Combined the two, later three roads, formed the largest corporation in US history. Two years later it was the biggest bankruptcy in US history. At one point the company was losing over $1,000,000 a day.

 Time magazine, January 26, 1968.

Time magazine, January 26, 1968.

 Public timetable, October 27, 1968.

 Empire Service timetable, October 26, 1969.

Empire Service timetable, October 26, 1969.

 Discontinuances were common, Cleveland Press, August 27, 1968.

The best book on the debacle, highly recommended.