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With its vibrant orange and black theme, this spooky set from 1960 includes a 4-4-0 locomotive, haunted gondola complete with livestock, and pumpkin-themed accessories.
For a time it was the second-largest toy store chain in the United States. Lionel ran into financial trouble during the early 1980s recession and filed for Chapter 11 bankruptcy in February 1982. After reducing itself in size to 55 stores, it emerged from bankruptcy in September 1985. A closing Lionel Playworld store in Chattanooga, Tennessee ...
A new line of scale-sized freight cars, called "Standard O", was introduced that same year. The new line of trains included the Blue Streak Freight, an entry-level O-27 gauge train set produced by Lionel. The set included a blue Jersey Central Lines steam locomotive with a 2-4-2 wheel configuration and attached tender car.
Lionel, LLC is an American designer and importer of toy trains and model railroads that is headquartered in Concord, North Carolina.Its roots lie in the 1969 purchase of the Lionel product line from the Lionel Corporation by cereal conglomerate General Mills and subsequent purchase in 1986 by businessman Richard P. Kughn forming Lionel Trains, Inc. in 1986.
It apparently produced its first wooden train sets for a Swedish department store in 1956, thus predating Brio by a year or two. In 1988 [ 12 ] Micki started manufacturing products for IKEA and was the sole supplier of their wooden toy train line [ 13 ] for about ten years.
In May 1967, Lionel Corporation announced it had purchased the American Flyer name and tooling even though it was teetering on the brink of financial failure itself. A May 29, 1967, story in The Wall Street Journal made light of the deal, stating, "Two of the best-known railroads in the nation are merging and the Interstate Commerce Commission couldn't care less".