Penn Central 50 Years -- February 1, 1968

50 years ago today, on 01-February-1968, The Penn Central Transportation Company began operations.  Railroads in the Northeast were doing badly.  The Pennsylvania Railroad and the New York Central had been powerful corporations.  They merged together with the New York, New Haven and Hartford, which was bankrupt.  The cultures of the Pennsylvania and the Central did not go well together.  The railroad went bankrupt in 1970.