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Penn Central Tries To Keep Rollin Along Under Emergency Aid
Penn Central Railroad, the largest corporate bankruptcy in U S history, seeks 322 million more to operate a year as debt nears 2.5 billion. Federal grants total 178.7 million. the stalled system, formed with six other bankrupt lines into Conrail, faces massive repairs and a bleak outlook amid a coal strike and recession. The U S Railway Association plans a draft plan by August.
MENTIONED IN THIS ARTICLE
Philadelphia
Penn Central Railroad
Penn Central
Penn Central RR
Rollin
Senate
Chicago
Boston
Erie Lackawanna
Central of New Jersey
Lehigh Valley
Lehigh & Hudson River
Boston & Maine
Reading
Gloria Stone
U.S
Conrail
U.S. Railway Association
Congress
Consolidated Railway System
Washington