Conrail Shared Assets Operations-South Jersey

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Conrail
(1976-2010)


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The Consolidated Rail Corporation (CR)


The Consolidated Rail Corporation, commonly known as Conrail (reporting mark CR), was the primary Class I railroad in the Northeast U.S. between 1976 and 1999. The federal government created it to take over the potentially profitable lines of bankrupt carriers, including the Penn Central Transportation Company , Reading Company, CNJ and P-RSL were transferred on April 1, 1976 to Conrail, which began earning a profit in 1981.


Conrail Shared Assets Operations (CSAO)


The Following Surface Transportation Board approval, CSX and NS took control in August 1998, and on June 1, 1999, began operating their portions of Conrail.

The old company remains a jointly-owned subsidiary, with CSX and NS owning respectively 42% and 58% of its stock, corresponding to how much of Conrail's lines they acquired. Each parent, however, has an equal voting interest. The primary asset retained by Conrail is ownership of the three Shared Assets Areas in New Jersey ( South Jersey including Philadelphia, and North Jersey), and Detroit. Both CSX and NS have the right to serve all shippers in these areas, paying Conrail for the cost of maintaining and improving trackage. They also make use of Conrail to perform switching and terminal services within the areas, but not as a common carrier, since contracts are signed between shippers and CSX or NS. Conrail also retains various support facilities including maintenance-of-way and training.


Conrail-South Jersey Lines 2010

Ex PRR / PC

  • Bordentown Secondary
  • Pemberton Industrial

Ex P-RSL

  • Beasleys Point Secondary
  • Penns Grove Secondary
  • Salem Secondary
  • Vineland Secondary
  • Grenloch Industrial

Photos

By Dave Homer -
Paulsboro 12-29-09

GP 38-2
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