Philadelphia and Reading Rail Road: Difference between revisions

On its second attempt the railroad emerged from receivership, and Archibald A. McLeod became president on 1890. The P&R leased the CNJ (P&R had previously leased the CNJ between 1883 and 1887) and the Lehigh Valley Railroad (LV); the three railroads transported more than half of the country's mined coal at the time. The RDG supplemented its coal traffic with overhead traffic between the Western Maryland Railway at Shippensburg and connections at Allentown for New York and New England. To get a better grip on the New England coal market, the P&R acquired control of the Poughkeepsie Bridge route, the Boston & Maine, and the New York & New England. The P&R was reaching out for the Old Colony when it collapsed once again into receivership.