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Erie Railroad prospered throughout the mid-1950s, but their profits were simultaneously on a decline. The company's 1957 income was half of that of 1956; by 1958 and 1959, Erie Railroad posted large deficits. The Erie's financial losses resulted in them entering negotiations to merge with the nearby Delaware, Lackawanna and Western.
The Buffalo Branch of The Erie Railway Company owned on the date of its demise 62.281 miles of single-track, standard-gage, steam railroad between Attica and Hornellsville, N. Y., which had been acquired from a purchasing committee who had acquired it at a foreclosure sale on March 21, 1861, from The Buffalo and New York City Railroad Company.
The owned mileage of the Erie and Central New York, 18.259 miles, extending from Cortland Junction to Cincinnatus, N. Y., was all acquired by purchase following a sale at foreclosure. The property was constructed by the Erie and Central New York Railway Company during the years 1897 and 1898.
The Erie and Pittsburgh was incorporated in Pennsylvania under provisions of a special act of April 1, 1858, subject to the provisions of the general law of February 19, 1849, regulating railroad companies, and acts supplementary thereto for the purpose of completing the road between Girard Junction and Jamestown, Pa., then being constructed by the Erie and North East Rail Road Company, it ...
The railroad of the Erie Terminals Railroad Company, herein called the Erie Terminals Railroad, is a standard-gage, steam railroad, located in northeastern New Jersey. The property comprises two separated sections of road, including an important railroad bridge, aggregating 1.784 miles of first main track and 0.538 mile of second main track ...
The oldest piece of the line, from Suffern to Newburgh Junction in Woodbury, New York, opened in 1841 as part of the New York and Erie Rail Road. [1] Extensions opened to Port Jervis and Binghamton in 1848, [2] Owego in 1849, [3] and Dunkirk (leaving the Southern Tier Line at Hornell) in 1851. [4]
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The Erie Lackawanna Railway was formed on March 1, 1968, as a subsidiary of Dereco, the holding company of the Norfolk and Western Railway, which had bought the railroad. On April 1, the assets were transferred as a condition of the proposed but never-consummated merger between the N&W and Chesapeake and Ohio Railway .