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The High Speed Ground Transportation Act of 1965 started a U.S. Government effort to develop a high speed train for Northeast Corridor service. The U.S. Department of Transportation worked with the Pennsylvania Railroad, Budd Company, General Electric and Westinghouse to develop an electric multiple unit high speed passenger train. [1]
Penn Central refused to accept the cars, citing numerous technical issues with the cars and their general unsuitability for the service. They had worse acceleration than the Silverliners already in service, tended to overheat when making numerous closely spaced stops, and had difficulty climbing the grade out of Suburban Station .
The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals (the Pennsylvania, New York Central and the New York, New Haven and Hartford railroads), all united by large-scale service into the New York metropolitan area and (to a lesser extent) New ...
The company was sold at public sale by the bond trustee, the Trust Company of North America for $1,000,000 to the Sheldon Syndicate of New York, which was the original owner of the company. [5] The reorganized company had a capital stock of $4,000,000, consisting of $3,400,000 of common stock and $600,000 of 5% preferred stock.
PRR service out of Penn began November 29, 1910 primarily using electric locomotives. The eight electrified PRR MP54 cars were used for shuttle service between Penn Station and Manhattan Transfer, an island station that facilitated passenger transfer with PRR trains going to or from Exchange Place in Jersey City. This shuttle service ended in ...
The Budd Silverliner was a model of electric multiple unit railcar designed and built by the Budd Company with 59 examples being delivered starting in 1963. Fifty-five of the cars were purchased for the Reading and Pennsylvania Railroads with public funds for use in Philadelphia, Pennsylvania, area commuter rail service with the remaining 4 cars being purchased by USDOT for use in high-speed ...