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ICC approves Norfolk & Western takeover of three minor rail lines
The ICC orders Norfolk & Western to absorb Erie Lackawanna Delaware & Hudson and Boston & Maine as the Penn Central merger faces delays. The action aims to placate Supreme Court timing and allow larger system consolidation while railroads study the orders. The July effective date precedes a planned August 1 merger date.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
New York Central
Pennsylvania
ICC
Norfolk & Western Railway
Eastern
Penn-Central
Erie-Lackawanna
Delaware & Hudson
Boston & Maine
U. S. Supreme Court
Penn and Central
Commission
N&w