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Timeline of US Class I Railroads Since 1977
(1977–present) The following is a brief history of the North American rail system, mainly through major changes to Class I railroads, the largest class by operating revenue. Contents - 1977 - The Virginia and Maryland Railroad replaces Conrail on most of the old New York, Philadelphia and Norfolk Railroad.
[ 54] November 8: Southern Pacific Transportation Company subsidiary SPCSL Corporation acquires the east half of the old Alton Railroad from the bankrupt (since April 1, 1988[ 55]) Chicago, Missouri and Western Railway(not Class I). November: Conrail acquires full control of the Monongahela Railway(no longer Class I) by buying the one-third shares owned by CSX Transportation and the Pittsburgh and Lake Erie Railroad. September 13: CSX Transportation subsidiary Three Rivers Railway takes over the remaining trackage of the Pittsburgh and Lake Erie Railroad(no longer Class I).
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