So true they where begging the u s government like g.m and Chrysler did for tax bucks both company s should just when under and some 1 else buy them and it's there problem now. Not on my dollar or yours.
Probably spent more on this film and the slick new Saul Bass style logo than they did on rolling stock and road...'sixth largest corporation' couldn't even organise a grope at an office Christmas party!
I remember my 8 the grade math teacher telling my class about his buying Pen central stock and what a great investment it was. He was sure that the company was big enough so that the Government would fail before P-Central ever would.
Looks like the same train at the end. Both shots were on Horseshoe Curve over in Pennsylvania. The early shot of it at the beginning was the train going westbound around the Curve heading uphill on what was then track 4. Probably crossed over to track three at UN, went around the connector track to AR, and then came back downhill heading eastbound on track 1 for the shot at the end of the film.
I will dog on Penn Central for all it's worth, but I can't deny the genius of the logo. Sure, Mating Worms is a common term, but the way the P and C interlock like couplers shows the unity between the two fomer rivals. I almost say it rivals the Erie Lackawanna's logo
I'm glad to see that auto-rack cars are now surrounded by rock proof walls. Back in the mid-60's I remember seeing idiots throwing ballast rocks at automobiles on the open freight cars carrying them. That may be the reason someone came up with the idea to shield the automobiles from vandalism. On another note, the New York Central was my favorite railroad. I was born in upper Manhattan (Hudson Hgts) in May 1954. In 1957, my parents moved to Cleveland, Ohio and we went by a New York Central train to get there by what was called the Water Level Route.
Back in the day. Cars were often shipped and exposed to the elements IE rain, snow, sleet, and Hale. Also, the vehicles were targets thieves and vandals. When the cars or trucks got to the other side. The cars had broken windows, graffiti, or slashed tires. The covered cars are a way to ship vehicles from the factory to the final destination. Insurance claims also got extremely high.
Yep, didn't support the industry that paid them. They invested in a lot of things, many of which were shady, and many of the investors didn't give a rip so long as they could "piggyback" on them to make an inside trade, at the expense of the company. This was the first wave of MBAs, by the way. People who had no vested interest in the business that employed them except as a way to make money. Look where we are today.
@@deadfreightwest5956 MBA programs should be abolished. Declaring that one is a true master of anything is rather unlikely. Seems that there's just as many MBAs that take down companies as are those that ever build them up. Snake oil salesmen in suits, working up the all important investors into a frothy lather.
It wouldn’t have been silly if it hadn’t been for the corruption of New York central. The Pennsylvania would have filled in the areas that they hadn’t been serving due to the New York central operation. If they weren’t so corrupt it might have a going concern. The financial picture was so well hidden it covered up the mismanagement that had been going on. If they had gone bankrupt the Pennsylvania could have bought New York for fire sale prices and wouldn’t have had to assume their whitewash job. The only way way we’d know for sure is if we could rewind history.
Yep, they should’ve stayed two separate entities and just cut out unprofitable lines and routes, though they might’ve just died a slower death that could’ve been beneficial for the creation of Conrail rather than the rude awaking Conrail got when it took over PC
@@loganbaileysfunwithtrains606 the thing was, the strict regulations prevented railroads from truly abandoning lines. That’s why the staggers act was passed in 1980, when the government realized conrail was regulated to death.
Ahh i love these old railroad films. I wont speak negative, as a railroader who models this roadname in HO., O & N SCALE Its such a rich experience to view this railroad as a little boy growing up in the Melrose/ Mott Haven section in Bronx, New York with all that exciting equipment that railroad pulled even into the CONRAIL era. Who says railroading isn't an educational history. I love it dear to my heart every day I see any kind of railroad entertainment! This is really great!👍
6:17 Notice that the equipment is still in New York Central colors, but they removed the "New York" and put Penn. You can see where the removed the word "New".
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The red team and the green team. The amazing thing is those at the top thought that combining two bankrupt railroads managed and staffed by people who hated each other would all work out just by painting locomotives black.
@@SouthJerseyRailfan yep some one who was alive when the mess happan. some one who knew what Al perman could do. some one who was around and knew the PRR was a loser since 1945. Opps it was the management not the workers. the wrong people on the board of directors. not having the guts to take a strike
The Metroliners had constant problems with electrical faults and never reached their design speed of 150 mph in service. In fact, the shape of the power cars caused a pressure drop when used with older MP54 cars at speeds over 80 mph, causing the sealed windows of rebuilt cars to rip right out of the frames. They only lasted about fifteen years in service, and that was with rebuilds that cost as much as the purchase price of the cars. The KarTrak ACI system turned out to be a disaster. The color bar codes were required on all rolling stock starting in 1967. it took until 1975 until about 90% of cars were labeled and sufficient trackside scanners were installed. Unfortunately, testing never included the effects of weathering. The labels themselves faded badly due to direct sunlight, and almost no testing was done for the effects of dirt and grime. The readers depended on visual identification of the stripes, and the dirtier a car got, the harder it was for the d=scanner to read the labels. By 1977, only about 70% of all labels were being read correctly, so humans were still having to read and record car numbers anyway. The whole system was abandoned by 1977.
The Milwaukee Road had a system called Car Scope that worked much the same way. They even promoted it on their stationery with a phrase along the lines of, "Car Scope tells you where your load is!" A Union Pacific employee allegedly amended it with "probably in the Saint Joe River." Which at the time was probably correct!
Though though were rebuilt again in the late 80s in push-pull and have been running since as cab cars. Likely the added years are worth their rebuild value by now.
they also did not work well in rain, fog or heavy snow just think. something that required lights, scanners, perfect conditions, who knows how much hardware and computer center can now be held in the hand of a Walmart cashier
It is still possible today to occasionally see a car, usually a rebuild, with an ACI label on the side. Note that in 1968 "consolidated stencils" were still in the future.
It wasn't all failure...the idea was good, but it wasn't until deregulation took place that Conrail actually was able to implement a lot of the PC's plan.
Penn Central had investments in all these different companies and anything else under the sun that made a profit.....one question... WHAT HAPPENED TO ALL THE MONEY that a few years later your begging for money with a staged video????
That about sums it up. The Pennsy didn't need to merge with the NYC. The NYC needed the merger to survive, especially after they failed to take over the B&O a few years earlier.
Always looked great when new and just painted !! I enjoyed seeing them, the engines and cars fresh painted. But that didn't last long, as we all know now with major management issues, dets, poor track, multi routes, NYC-PRR men infighting, the 1970s RR scene etc !! And of course as you see in this video, to many interests and projects other than the Railroad !! I wonder if it could have worked if they started PC 10 years later ? Who knows
Too much capacity, too few carloads, too much bad order track, too many bad ordered freight cars, too many passenger obligations, too much government interference and too much managerial dysfunction. Forced to absorb the bankrupt New Haven in 1969, and to run trains at rates that did cover their fuel costs the Penn Central was doomed from the start. Still is my favorite railroad though.
@@EmpireBeltRR i just gave you the Facts. your facts are wrong. the AVG Prr rail roal worker try very hard the the PRR management were total losers. Al perman went on to be CEO of the WPrr. mike falanery A al perman VP went on to be come CEO of the MPrr. John kenerflick a very Great person on the NYC went on to become CEO of the UPrr. all management from the Prr side never work in rail road management. Stanley crane Ceo of Conrail got rid of the last of the PRR loesrs. the time to save the PRR was 1947 but no body had the guts to do it. how young are you
@@dknowles60 My facts are not wrong. You may not like them but they are not wrong. #1 Too much capacity: Duplicate routes with many ex PRR routes in poor condition. ICC would not let PC abandon unprofitable routes. Antiquated freight yards that were in bad shape and labor intensive. Conrail was able to shed them and became profitable. #2 Too much bad order track: Three days to run a train that should take ten hours is highlighted in the PC 1974 movie filmed for President Jervis Langdon to use in his approach to congress. Slow orders and derailments abounded. #3 Too many bad ordered freight cars: PC video complains of a large percentage of freight cars out of service with no parts available. Wreck of the Penn Central reports that the PC led all class 1 railroads in per diem car payments because they could not field enough of their own cars. Big money loser for PC. #4 Too many Passenger obligations: Amtrak bailed out Penn Central in 1971. PC was still responsible for inter city money losing commuter trains until they could be sold or dumped on a state agency. #5 Too much government interference: ICC mandated PC haul trains that were not profitable for them with certain trains running at a loss. Could not raise rates to cover labor raises and rising fuel costs. #6: Too much managerial dysfunction. You make my point for me. #7 Doomed from the Start: PRR did not live up to it's pre PC promises to fix track and upgrade certain rail yards. Mr Perlman saw this as a takeover and not a merger. Mr Perlman was a reluctant participant who would not move to PC HQ in Philadelphia, instead remaining in the former NYC HQ with much of his staff further adding to the managerial dysfunction. Saunders brought back thousands of furloughed workers giving them employment for life. Bevan refused to invest in RR. I am a big Penn Central fan as I stated in my original comments. The points I make are not intended to disparage the RR workers of the PRR-NYC-NH or PC. They worked hard and if not for them the whole rail system would have collapsed. I have a lot of respect for all those who soldiered on under dysfunction and bankruptcy. My age is private. I was around while all this was happening but not in 1947..
@@EmpireBeltRR many facts are left out on you tube. the main fact is the PRR had been lieing to the fed gov about making money when it had been losing money since 1946. the fed gov force the merger even when al perlman did not want it. the cold hard fact was the NYC was making money and the PRR was not making money. the PRR people had no business runing penn central as the PRR never could run a rail road and the Dumb fed gov should have Put the NYC people in charge. the NCY did not need the merger
7:37 - So it's Ashta-bula? I always read it as Ash-tabula. Huh. Well, at least he didn't have to comment on towns in the PNW, like Puyallup and Sequim.
Big Failure from day one, none of the systems worked together, trains got lost etc.. it was a colossal failure Thanks to ICC it ruined our rail systems future. If ICC never existed we would have had a modern rail system, probably bullet trains, lower pollution etc.
All the other films I've seen of the Penn Central paint a very different picture. The concept was a good idea in the beginning but differences and mismanagement between the New York Central and the Pennsy put the last nail on the coffin.
Was hoping this would be about the astonishing Penn STATION which was once above ground but is replaced now, shoved underground for Madison Square Garden. Fun fact: The rush to use up Planet Earth for profit has resulted in people who haven't bothered to think about caring for this Planet, eager to expand elsewhere. The other planets we know about lack many things - one in particular makes living (guess where) all but necessary. Bit of irony for the thinkers.
New Haven's VCedar point yard was a large piggyback yard. Thhey loaded by backing trailers on , no lift trucks for loading.I remember pulling trailers out of there for separation & distribution at Atlas wharehousing in West Haven
Just had the 50th anniversary of its section 77 bankruptcy filing after the Nixon administration turned down $200 mln in guaranteed loans. Look for the video Penn Central 1974, produced to show Congress why it needed bailing out.
Wow, even Nixon looked fiscally conscious compared to the "modern monetary theory" times we are in now. Executives wipe their ass with $200 million guaranteed loans.
This film is mostly propaganda. Penn Central continued the deferring of track maintenance instead of putting needed money into mainline repair. The formerly well-maintained Fort Wayne Division was riddled w/pages of slow orders by 1970!
3:40 I wonder had the Kodachrome Merger out West in the mid 80's went through,would it suffer the same fate.The Espee had the PNW Market at Portland and the AT&SF had the Chicago Market,other than that,both Roads share the same Market between California and Texas
No. I remember the Burlington Northern merger of about the same time. My granddad took me down to the roundhouse in Tacoma, WA, and we rode a freshly-painted switch engine on the turntable. I recall it had Harco spark arrestors on the stacks, so it was probably a former Great Northern unit. In the stalls were engines representing just about every contributor to the merger. But where the Penn Central failed the BN succeeded. The Hill Lines were all family, so the merger made sense. The Penn Central merger was a desperate move of two elephants to prop each other up.
If PC could’ve had new management take over and got rid of the New Haven burden it could’ve made it to the 1980s I still think Conrail would’ve ultimately happened but it would’ve have been so abrupt and without government intervention
1:35, “We’ve combined the Best of Two Great Railroads.” Penn Central’s management: Strongly DIVIDED. Pennsylvania Railroad + New York Central x Internal Division = *BIG FAIL.*
They should just have abandoned 10,000 miles of track, then scrap 1,000 locomotives and 50,000 freight cars. Also lay of tens of thousands of employees.
Almost positive the 4:00 mark is Pittsfield, MA. Looks like a transformer is coming outta the old GE plant that's just a few hundred feet west of where this is being filmed. If this is Pittsfield, I spent a lot of time with my grandfather gawking at trains in this very spot while he puffed away on his cigar. It was Conrail by this point, but there was still a lot equipment (especially cabooses) that hadn't been rebranded yet. Great times!
in less than 4 years - would be the Largest bankruptcies in US history. the president of the company never rode the train, the US government forced PC to include 5 other failed railroads into merger, penn & NYC had 2 extremely different incompatible computer systems for tracking and managing freight and equipment, PC started a 'air transport' business in the middle of this mess
Wow. When America was unified for a common productive future. I remember the Penn Central railroad running through our farm in southwestern Ontario. It was the ultimate cool to me as a child to see American trains so close to what was a more isolated existence in Canada at the time. At around 3:50 the Penn central map shows a lot of rail lines it used in the late 20th century, some of which in the 21st century have been derelict or abandoned for over 40 years. Make America Great Again.
The only sad thing about the demise of the Penn Central was that they took the New Haven railroad down with them....NH was a great railroad....Penn Central was a total disaster from the get go along with their drab and depressing basic black paint scheme....Conrail was a welcome sight and something to see when they first came out with that blue paint scheme.
@@BAS19.6 Western Maryland was a top notch outfit for sure. Always liked their red and white paint scheme. And yes, very unfortunate to see the Chessie System gobble it up
My dad worked for the Pennsylvania. It was a bitter pill when New York central cooked the books to hide all the debt they were in. Pennsylvania was profitable line until they had to absorb all the hidden debt. This was such a famous occurrence that an accounting instructor spoke of it in a class nearly twenty years after it happened. And then a later chapter when government run conrail assumed control and ran it into the ground. Along with it the government raided the Pennsylvania pension plan and used it to shore up social security. I don’t think you’d encounter a single Pennsylvania employee that had anything but disgust for New York central.
that is a great big lie. from your own fed gov the Pennsylnania did all the book cooking. the Prr was going broke since the end of WW2 the Prr never got any thing done. the ncy build selkirk hump yard buckeye hump yard elkhark hump yard. front tier hump yard. CTC double track from nyc to chicago. what the the Prr get done. may be conway hump yard. if the Prr were so great then why is over 60% of it gone today. the NYC had al perman. he went on to the western pac. robert flanerry went on to the wp JOHN KENERFLICK. WENT ON TO BECOME ceo OF THE upRR. ON BODY ON THE pRR SIDE WENT ON TO DO ANY THING. THE pRR WANTED THE MERGER A LOT MORE THEN THE nYC DID. al perman did every thing he could to try to get out of it
@@dknowles60 . I think I’d be more inclined to believe an accountant over the word of the government. NYC was a more regional line as opposed to the PRR which had rail lines parallel to and extending much further in every direction than NYC. Since PRR was a top tier carrier it had more rail miles than many if not all other lines. Something you didn’t take into account was during World War II the government nationalized the PRR and took over where and how they operated. As a result the government ran the equipment and the track into the ground. At the end of the war, they hoped they’d get more compensation to repair everything but as in most cases government reneges on promises they make. Since they had more track miles any revenue they made was spread over a wider area. The Pennsylvania was always a frugal business, and some would say miserly. Unfortunately, with the reduction in ridership and freight after the war it became more difficult since everyone was using cars and trucks to move around. With PRR they began selling off assets and diversifying to other companies to survive. They were surviving but barely. In their endeavors to stay profitable they looked to NYC since most of their lines often paralleled the PRR. I’ll always believe based upon what information I’ve gathered that NYC was the one that didn’t know how to run a railroad through their mismanagement. As a result of their actions it pulled the PRR into bankruptcy which caused the government to take ownership of the company. As stated previously the government ransacked the PRR pension plan which resulted in a reduction in benefits for all involved. As the son of a PRR employee I lived with the results of what happened in one way or another. My parents tried well to hide these events but when they worried about the effects of losing income, job, or pension one knows there’s a reason they went through periods of worrying about the future. So if you can find a retired accountant or a former PRR employee that’s still alive perhaps they’ll be able to confirm what I’m saying. Just remember that democrats were in the majority when this occurred. Good luck getting the truth out of democrats. They have misinformation down to a science as evidenced by Biden, Pelosi, Schumer, Schiff, Biden deserves a second mention since he was in the senate, I think, at that time.
@@kevinstonerock3158 there was no Nationalizd Of the PRR in WW2. WW1 yes how young are you the NYC had the same damage but were able to fix then self's. the NYC went to the same places as the PRR did you were there i was . hint if the Prr so good why is 60% of it gone west of Pittsburg why did John Fishwick Not want the PRR What did the Prr do with all the Stock money it got from the Sale of N&W rr stock the NYC had more traffic between NYC and Chicago and had 6 tracks and no horseshoe curve. to fight the PRR was never a top Tier Carrier 3 people from the NYC went on to become CEO's of Other Rail roads. no one from the Prr ever went on to become a CEO or a other Rail road
In the interest of saving time I’ll copy from another source and add another quote from elsewhere: The Pennsylvania Railroad (reporting mark PRR), legal name The Pennsylvania Railroad Company also known as the "Pennsy", was an American Class I railroad that was established in 1846 and headquartered in Philadelphia, Pennsylvania. It was named for the commonwealth in which it was established. By 1882, Pennsylvania Railroad had become the largest railroad (by traffic and revenue), the largest transportation enterprise, and the largest corporation in the world. Its budget was second only to the U.S. government.[1] Another listing has the following information: Over the years, it acquired, merged with, or owned part of at least 800 other rail lines and companies.[2] At the end of 1926, it operated 11,640.66 miles (18,733.83 kilometers) of rail line;[notes 1][3] in the 1920s, it carried nearly three times the traffic as other railroads of comparable length, such as the Union Pacific and Atchison, Topeka & Santa Fe railroads. Its only formidable rival was the New York Central (NYC), which carried around three-quarters of the Pennsy's ton-miles. In 1968, the Pennsylvania Railroad merged with its rival New York Central Railroad and the railroad eventually went by the name of Penn Central Transportation Company, or "Penn Central" for short. The former competitors’ networks integrated poorly with each other, and the railroad filed for bankruptcy within two years.[4]: Chapter 1 Bankruptcy continued and on April 1, 1976, the railroad gave up its railroad assets, along with the assets of several other failing northeastern railroads, to a new railroad named Consolidated Rail Corporation, or Conrail for short. Conrail was itself purchased and split up in 1999 between the Norfolk Southern Railway and CSX Transportation, with Norfolk Southern getting 58 percent of the system, including nearly all of the remaining former Pennsylvania Railroad trackage. Amtrak received the electrified segment of the Main Line east of Harrisburg. Since it had three times the freight volume, integrated into that was the agreement to share railroad lines with other carriers. That means there’s potentially three times the freight on other lines which means their rolling stock could be spread over the entire country. Admittedly I missed that their rail system was nearly the same geographic limits for service areas but since PRR moved up to three times the freight there’s going to be more mileage per car and engine than any others. Any mergers that NYC executives did has the potential to just allow the lines to be taken over for their own benefit. If I’m reading it right PRR acquired rail lines instead of merging two other lines per occurrence. We all know that New York has a tendency to create shady deals for monetary benefit. That’s why I have to question the details as reported from certain circles. Time will tell.
@@kevinstonerock3158 fed gov over see the rail road. from your own fs gov, the Prr was losing money since the end of WW2 the Man who knew the Prr best John fish wick did not want the Prr, John fish wick CEO N&W rr
This reminds me of the promo film for Detroit made in 1964. The film made Detroit seem like a perfect city. Three years later, the riots of July 1967 showed just what bad shape Detroit was really in. Penn Central radiated optimism in 1968. Two years later, it became the largest and most hopeless bankruptcy in American history up to that time.
Just 6 years later they'd release a very, very different film, on their knees, hat in one hand, tin cup in the other.
I love watching the two films back to back, like a two act Shakespearean tragedy.
Yes! Yes! I saw that film. Wow what a difference 6 years makes. That 1974 film was sad 😭
So true they where begging the u s government like g.m and Chrysler did for tax bucks both company s should just when under and some 1 else buy them and it's there problem now. Not on my dollar or yours.
that film is sad. but now they are Norfolk Southern and everything is okay
🤣🤣🤣oh no!...fuked up but true!...aww man!
Interesting content. They didn't make it very long even with all those assets. They aren't showing the crap trackbed and duplicate routes.
The sugarcoating started to flake off in a matter of weeks!
3:22 nice horn
Probably spent more on this film and the slick new Saul Bass style logo than they did on rolling stock and road...'sixth largest corporation' couldn't even organise a grope at an office Christmas party!
Who else is here after listening to WTYP 100th episode? Just me?
This film paints such an upbeat, optimistic picture of PC, which time would prove to be nothing but smoke and mirrors.
daf827 the narrator didn’t sound very upbeat or positive. 😉
yeah the narrator just went through the motions, privately hoping he will be paid before penny goes bankrupt@@Grainexpress
More like "Call Us Bankrupt."
then call us CONRAIL
@@LMLRailfan then call us Norfolk Southern
they owned some of the most expensive real estate in the world and still went ass up
@@godoftheinterwebz or you can call us CSX
@@godoftheinterwebz that's the power of government overregulation
Call 'em Penn Central. For about eight years or so, anyway.
Sad but true 😂
I remember my 8 the grade math teacher telling my class about his buying Pen central stock and what a great investment it was. He was sure that the company was big enough so that the Government would fail before P-Central ever would.
In high school business class, we talked about how PC was (at that time, 1991) the biggest business failure ever. Ha.
Wow, that train at 2:00, probably had that "new train smell." Also interesting to see trains with NO graffiti.
Looks like the same train at the end. Both shots were on Horseshoe Curve over in Pennsylvania. The early shot of it at the beginning was the train going westbound around the Curve heading uphill on what was then track 4. Probably crossed over to track three at UN, went around the connector track to AR, and then came back downhill heading eastbound on track 1 for the shot at the end of the film.
No graffiti: That's the way it was - until the cancer of rap/hip-hop graffiti culture took root in the late 1980s/early 1990s. I hate it.
@@danielgolus4600 ok boomer
the nice thing about these old films is seeing trains not covered with some thug's graffiti
@@re49991 ok zoomer
I will dog on Penn Central for all it's worth, but I can't deny the genius of the logo. Sure, Mating Worms is a common term, but the way the P and C interlock like couplers shows the unity between the two fomer rivals. I almost say it rivals the Erie Lackawanna's logo
I'm glad to see that auto-rack cars are now surrounded by rock proof walls. Back in the mid-60's I remember seeing idiots throwing ballast rocks at automobiles on the open freight cars carrying them. That may be the reason someone came up with the idea to shield the automobiles from vandalism. On another note, the New York Central was my favorite railroad. I was born in upper Manhattan (Hudson Hgts) in May 1954. In 1957, my parents moved to Cleveland, Ohio and we went by a New York Central train to get there by what was called the Water Level Route.
Did you sleep well?
Back in the day. Cars were often shipped and exposed to the elements IE rain, snow, sleet, and Hale. Also, the vehicles were targets thieves and vandals. When the cars or trucks got to the other side. The cars had broken windows, graffiti, or slashed tires. The covered cars are a way to ship vehicles from the factory to the final destination. Insurance claims also got extremely high.
3:57
"Penn Central is first and foremost, a railroad"
Then why the hell do you own theme parks, a resort complex, and a trailer building company?
Wow, three railroads are going to merge into one company! I hope the best for them.
Unfortunately, they only got the worst!
Then In 1976, 7 merged into one!
Train good car bad
Notice how eager they were to invest in the Sun Belt, not the Rust Belt.
Yep, didn't support the industry that paid them. They invested in a lot of things, many of which were shady, and many of the investors didn't give a rip so long as they could "piggyback" on them to make an inside trade, at the expense of the company. This was the first wave of MBAs, by the way. People who had no vested interest in the business that employed them except as a way to make money. Look where we are today.
@@deadfreightwest5956 MBA programs should be abolished. Declaring that one is a true master of anything is rather unlikely. Seems that there's just as many MBAs that take down companies as are those that ever build them up. Snake oil salesmen in suits, working up the all important investors into a frothy lather.
One of the silliest mergers in the history of railroads, they took over lines that basicly covered the same routes...
@Percy Harry Hotspur More complicated than that.
It wouldn’t have been silly if it hadn’t been for the corruption of New York central. The Pennsylvania would have filled in the areas that they hadn’t been serving due to the New York central operation. If they weren’t so corrupt it might have a going concern. The financial picture was so well hidden it covered up the mismanagement that had been going on. If they had gone bankrupt the Pennsylvania could have bought New York for fire sale prices and wouldn’t have had to assume their whitewash job. The only way way we’d know for sure is if we could rewind history.
Yep, they should’ve stayed two separate entities and just cut out unprofitable lines and routes, though they might’ve just died a slower death that could’ve been beneficial for the creation of Conrail rather than the rude awaking Conrail got when it took over PC
@@loganbaileysfunwithtrains606 they were scraping by until the gubmint forced the merger with the New Haven. that killed them
@@loganbaileysfunwithtrains606 the thing was, the strict regulations prevented railroads from truly abandoning lines. That’s why the staggers act was passed in 1980, when the government realized conrail was regulated to death.
Ahh i love these old railroad films. I wont speak negative, as a railroader who models this roadname in HO., O & N SCALE Its such a rich experience to view this railroad as a little boy growing up in the Melrose/ Mott Haven section in Bronx, New York with all that exciting equipment that railroad pulled even into the CONRAIL era. Who says railroading isn't an educational history. I love it dear to my heart every day I see any kind of railroad entertainment! This is really great!👍
6:17
Notice that the equipment is still in New York Central colors, but they removed the "New York" and put Penn. You can see where the removed the word "New".
Penn Central's logo and paint scheme were awesome, but everything else sucked.
except for that ugly ass turquoise NYC paint
@@godoftheinterwebz Passenger cars?
@@WesternOhioInterurbanHistory box cars
@@godoftheinterwebz I like the color though, I have one in O scale
Nice to see a shot of a Metroliner with the PRR keystone logo.
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I always preferred penniless-central or penncentless
They literally lost track of the whereabouts of trains. Maybe pun intended. 😊
The red team and the green team. The amazing thing is those at the top thought that combining two bankrupt railroads managed and staffed by people who hated each other would all work out just by painting locomotives black.
the green team could run a rail road. the red team never could run a rail road
@@dknowles60 gotcha baby boomer
@@SouthJerseyRailfan yep some one who was alive when the mess happan. some one who knew what Al perman could do. some one who was around and knew the PRR was a loser since 1945. Opps it was the management not the workers. the wrong people on the board of directors. not having the guts to take a strike
@@dknowles60 if we're talking post-WWII, no management had the balls to take any damage. that was a factor in every company nearly going under.
THE NYC WAS NOT BANKRUPT. HINT IT WAS MAKING MONEY. IT was the PRR that was BankRupt and the PRR had been losing money since 1946
The Metroliners had constant problems with electrical faults and never reached their design speed of 150 mph in service. In fact, the shape of the power cars caused a pressure drop when used with older MP54 cars at speeds over 80 mph, causing the sealed windows of rebuilt cars to rip right out of the frames. They only lasted about fifteen years in service, and that was with rebuilds that cost as much as the purchase price of the cars. The KarTrak ACI system turned out to be a disaster. The color bar codes were required on all rolling stock starting in 1967. it took until 1975 until about 90% of cars were labeled and sufficient trackside scanners were installed. Unfortunately, testing never included the effects of weathering. The labels themselves faded badly due to direct sunlight, and almost no testing was done for the effects of dirt and grime. The readers depended on visual identification of the stripes, and the dirtier a car got, the harder it was for the d=scanner to read the labels. By 1977, only about 70% of all labels were being read correctly, so humans were still having to read and record car numbers anyway. The whole system was abandoned by 1977.
The Milwaukee Road had a system called Car Scope that worked much the same way. They even promoted it on their stationery with a phrase along the lines of, "Car Scope tells you where your load is!" A Union Pacific employee allegedly amended it with "probably in the Saint Joe River." Which at the time was probably correct!
Though though were rebuilt again in the late 80s in push-pull and have been running since as cab cars. Likely the added years are worth their rebuild value by now.
they also did not work well in rain, fog or heavy snow
just think. something that required lights, scanners, perfect conditions, who knows how much hardware and computer center can now be held in the hand of a Walmart cashier
It is still possible today to occasionally see a car, usually a rebuild, with an ACI label on the side. Note that in 1968 "consolidated stencils" were still in the future.
It wasn't all failure...the idea was good, but it wasn't until deregulation took place that Conrail actually was able to implement a lot of the PC's plan.
it was the NYC plan
@@dknowles60 True that.
Penn Central had investments in all these different companies and anything else under the sun that made a profit.....one question... WHAT HAPPENED TO ALL THE MONEY that a few years later your begging for money with a staged video????
Proud to be a part of the PC community! 53 years later and the spirit still going strong!!
Nah, the spirit was torn to shreds in 1999!
only in ohio ☠️
Ye PC's spirit possessed NS
Look! We merged so we can redundantly serve the emerging Rust Belt of the Northeast and Ohio Valley!
That about sums it up.
The Pennsy didn't need to merge with the NYC. The NYC needed the merger to survive, especially after they failed to take over the B&O a few years earlier.
Penn Central: Biggest train wreck in history.
No NS lol.
@@swpandwleandcsx459no, PC is far worse then NS
Crazy to see this merge! Let’s hope it works out
A great film, thanks for posting this, would love to find a 16mm copy like this!
How about "Call us a Railroad Birth Defect" as a better title
Always looked great when new and just painted !! I enjoyed seeing them, the engines and cars fresh painted.
But that didn't last long, as we all know now with major management issues, dets, poor track, multi routes, NYC-PRR men infighting, the 1970s RR scene etc !!
And of course as you see in this video, to many interests and projects other than the Railroad !!
I wonder if it could have worked if they started PC 10 years later ? Who knows
AL pearlman CEO of the NYC did not want the Merger
8:02 is the silo that existed on the old NYC Springfield to Indy branch a few miles west of Arcanum, Ohio.
Too much capacity, too few carloads, too much bad order track, too many bad ordered freight cars, too many passenger obligations, too much government interference and too much managerial dysfunction. Forced to absorb the bankrupt New Haven in 1969, and to run trains at rates that did cover their fuel costs the Penn Central was doomed from the start. Still is my favorite railroad though.
wrong. could have made it if al perman had run the show
@@dknowles60 Mr Perlman was a legendary railroader but the facts are what they are and they are stated above.
@@EmpireBeltRR i just gave you the Facts. your facts are wrong. the AVG Prr rail roal worker try very hard the the PRR management were total losers. Al perman went on to be CEO of the WPrr. mike falanery A al perman VP went on to be come CEO of the MPrr. John kenerflick a very Great person on the NYC went on to become CEO of the UPrr. all management from the Prr side never work in rail road management. Stanley crane Ceo of Conrail got rid of the last of the PRR loesrs. the time to save the PRR was 1947 but no body had the guts to do it. how young are you
@@dknowles60 My facts are not wrong. You may not like them but they are not wrong.
#1 Too much capacity: Duplicate routes with many ex PRR routes in poor condition. ICC would not let PC abandon unprofitable routes. Antiquated freight yards that were in bad shape and labor intensive. Conrail was able to shed them and became profitable.
#2 Too much bad order track: Three days to run a train that should take ten hours is highlighted in the PC 1974 movie filmed for President Jervis Langdon to use in his approach to congress. Slow orders and derailments abounded.
#3 Too many bad ordered freight cars: PC video complains of a large percentage of freight cars out of service with no parts available. Wreck of the Penn Central reports that the PC led all class 1 railroads in per diem car payments because they could not field enough of their own cars. Big money loser for PC.
#4 Too many Passenger obligations: Amtrak bailed out Penn Central in 1971. PC was still responsible for inter city money losing commuter trains until they could be sold or dumped on a state agency.
#5 Too much government interference: ICC mandated PC haul trains that were not profitable for them with certain trains running at a loss. Could not raise rates to cover labor raises and rising fuel costs.
#6: Too much managerial dysfunction. You make my point for me.
#7 Doomed from the Start: PRR did not live up to it's pre PC promises to fix track and upgrade certain rail yards. Mr Perlman saw this as a takeover and not a merger. Mr Perlman was a reluctant participant who would not move to PC HQ in Philadelphia, instead remaining in the former NYC HQ with much of his staff further adding to the managerial dysfunction. Saunders brought back thousands of furloughed workers giving them employment for life. Bevan refused to invest in RR.
I am a big Penn Central fan as I stated in my original comments. The points I make are not intended to disparage the RR workers of the PRR-NYC-NH or PC. They worked hard and if not for them the whole rail system would have collapsed. I have a lot of respect for all those who soldiered on under dysfunction and bankruptcy.
My age is private. I was around while all this was happening but not in 1947..
@@EmpireBeltRR many facts are left out on you tube. the main fact is the PRR had been lieing to the fed gov about making money when it had been losing money since 1946. the fed gov force the merger even when al perlman did not want it. the cold hard fact was the NYC was making money and the PRR was not making money. the PRR people had no business runing penn central as the PRR never could run a rail road and the Dumb fed gov should have Put the NYC people in charge. the NCY did not need the merger
I want that beautiful music soundtrack :)
1974: “call us bankrupt “
7:37 - So it's Ashta-bula? I always read it as Ash-tabula. Huh. Well, at least he didn't have to comment on towns in the PNW, like Puyallup and Sequim.
A merger made in hell!
@11:58 Yet they still had cars missing or abandoned all over the system!
11:18 - LOL, ACI. Works great when the label is clean. Yeah, that didn't wear well, did it?
A great concept if it wasn’t for graffiti, road grim, coal dust and UV fading.
Big Failure from day one, none of the systems worked together, trains got lost etc.. it was a colossal failure Thanks to ICC it ruined our rail systems future. If ICC never existed we would have had a modern rail system, probably bullet trains, lower pollution etc.
The ICC is a good argument against "net neutrality" utility regulation.
All the other films I've seen of the Penn Central paint a very different picture. The concept was a good idea in the beginning but differences and mismanagement between the New York Central and the Pennsy put the last nail on the coffin.
15:01
I believe this thrid new skyscraper is what destroyed the original entrance of Union Station.
This should be titled," How to ruin two railroads."
"12:01 AM, February 1st, 1968", a date that will live in infamy!
3:26 - 3:35 Rare shot of a Metroliner with its pair of Leslie horns actually sounding like they should ...
It sounds like a plane taking off-
@@wes1243 It really does! 😁
Love all of this geeking out on Metroliners!
Penn Central: Why have one bankrupt railroad when you can have two?!
or three if you count the New Haven
@@godoftheinterwebz ok... three bankrupt railroads...
Was hoping this would be about the astonishing Penn STATION which was once above ground but is replaced now, shoved underground for Madison Square Garden. Fun fact: The rush to use up Planet Earth for profit has resulted in people who haven't bothered to think about caring for this Planet, eager to expand elsewhere.
The other planets we know about lack many things - one in particular makes living (guess where) all but necessary. Bit of irony for the thinkers.
Hated to see this logo on my New Haven ..
New Haven's VCedar point yard was a large piggyback yard. Thhey loaded by backing trailers on , no lift trucks for loading.I remember pulling trailers out of there for separation & distribution at Atlas wharehousing in West Haven
50 Years of Great Railroading!
Just had the 50th anniversary of its section 77 bankruptcy filing after the Nixon administration turned down $200 mln in guaranteed loans.
Look for the video Penn Central 1974, produced to show Congress why it needed bailing out.
Wow, even Nixon looked fiscally conscious compared to the "modern monetary theory" times we are in now. Executives wipe their ass with $200 million guaranteed loans.
The red team vs the green team ride to oblivion........
Can't believe they tried investing in properties and large stock shares just to compensate for their losses. They were really strapped!
Probaby the last time they did maintenance lol
6:02 a run between NY and Washington DC of just 2 hours 37 minutes…yep, that was (and is still) what we want
Even with increased speeds??
Agnes in 72' didnt do any favors
This film is mostly propaganda. Penn Central continued the deferring of track maintenance instead of putting needed money into mainline repair. The formerly well-maintained Fort Wayne Division was riddled w/pages of slow orders by 1970!
was never well Maintained
“Call Us a Failure”
3:40 I wonder had the Kodachrome Merger out West in the mid 80's went through,would it suffer the same fate.The Espee had the PNW Market at Portland and the AT&SF had the Chicago Market,other than that,both Roads share the same Market between California and Texas
I remember penn central, am I old AF ?
No. I remember the Burlington Northern merger of about the same time. My granddad took me down to the roundhouse in Tacoma, WA, and we rode a freshly-painted switch engine on the turntable. I recall it had Harco spark arrestors on the stacks, so it was probably a former Great Northern unit. In the stalls were engines representing just about every contributor to the merger. But where the Penn Central failed the BN succeeded. The Hill Lines were all family, so the merger made sense. The Penn Central merger was a desperate move of two elephants to prop each other up.
If PC could’ve had new management take over and got rid of the New Haven burden it could’ve made it to the 1980s I still think Conrail would’ve ultimately happened but it would’ve have been so abrupt and without government intervention
For the spirit of Penn Central let's say "Call us Penn Central."
The music bed should have been "taps"
1:35, “We’ve combined the Best of Two Great Railroads.”
Penn Central’s management: Strongly DIVIDED.
Pennsylvania Railroad + New York Central x Internal Division = *BIG FAIL.*
The music is so exciting!!!
Sounds exciting whats the stock ticker would love to add it to my Robinhood portfolio.
They should just have abandoned 10,000 miles of track, then scrap 1,000 locomotives and 50,000 freight cars. Also lay of tens of thousands of employees.
Almost positive the 4:00 mark is Pittsfield, MA. Looks like a transformer is coming outta the old GE plant that's just a few hundred feet west of where this is being filmed. If this is Pittsfield, I spent a lot of time with my grandfather gawking at trains in this very spot while he puffed away on his cigar. It was Conrail by this point, but there was still a lot equipment (especially cabooses) that hadn't been rebranded yet. Great times!
nice...... post vintage videos of other nations also..... if you have.
Well shit, this aged like fine wine, didn't it?
This fine wine tastes like milk!
10:25 - Selkirk?
Yup
0:54
After merging the 2 best railroads, they created the one WORST RAILROAD, so bad that Penn Central only lasted for 2 years and declared bankruptcy.
"We're diversifying out of railroading because we can't make enough money railroading." -- clip not found in final version of film.
in less than 4 years - would be the Largest bankruptcies in US history. the president of the company never rode the train, the US government forced PC to include 5 other failed railroads into merger, penn & NYC had 2 extremely different incompatible computer systems for tracking and managing freight and equipment, PC started a 'air transport' business in the middle of this mess
" Instant car location " but they lost the whole crop of potatoes from Maine ...........
Penn Central is a Heritage of Norfolk Southern and CSX Railroad history.
It's amazing how they went from what felt like an Empire to the start of its downfall 2 years later.
Progressive lol! This happens to every venture by people who call themselves progressive!
This video seems like deception.
Wow. When America was unified for a common productive future. I remember the Penn Central railroad running through our farm in southwestern Ontario. It was the ultimate cool to me as a child to see American trains so close to what was a more isolated existence in Canada at the time. At around 3:50 the Penn central map shows a lot of rail lines it used in the late 20th century, some of which in the 21st century have been derelict or abandoned for over 40 years. Make America Great Again.
Yeah pen central was a miserable failure
I never heard one thing .who got all that dam money.some one out their has it
1:10 Piss Central the biggest railroad of regrets 😂🤣😈🔥
The only sad thing about the demise of the Penn Central was that they took the New Haven railroad down with them....NH was a great railroad....Penn Central was a total disaster from the get go along with their drab and depressing basic black paint scheme....Conrail was a welcome sight and something to see when they first came out with that blue paint scheme.
I feel you. I lost the Western Maryland to Chessie.
@@BAS19.6 Western Maryland was a top notch outfit for sure. Always liked their red and white paint scheme. And yes, very unfortunate to see the Chessie System gobble it up
What were those Amusement Parks called? Aren't these both now Six Flags parks?
They were always Six Flags. The Arlington park is the original, with Atlanta second.
Anyone know the source to the title song? I believe I’ve heard it in a US Steel film too.
pency was great for me as a kid it went threw St Thomas Ontario Canada
The rebuilt penn station in NY?It was a glorius blunder
My dad worked for the Pennsylvania. It was a bitter pill when New York central cooked the books to hide all the debt they were in. Pennsylvania was profitable line until they had to absorb all the hidden debt. This was such a famous occurrence that an accounting instructor spoke of it in a class nearly twenty years after it happened. And then a later chapter when government run conrail assumed control and ran it into the ground. Along with it the government raided the Pennsylvania pension plan and used it to shore up social security. I don’t think you’d encounter a single Pennsylvania employee that had anything but disgust for New York central.
that is a great big lie. from your own fed gov the Pennsylnania did all the book cooking. the Prr was going broke since the end of WW2 the Prr never got any thing done. the ncy build selkirk hump yard buckeye hump yard elkhark hump yard. front tier hump yard. CTC double track from nyc to chicago. what the the Prr get done. may be conway hump yard. if the Prr were so great then why is over 60% of it gone today. the NYC had al perman. he went on to the western pac. robert flanerry went on to the wp JOHN KENERFLICK. WENT ON TO BECOME ceo OF THE upRR. ON BODY ON THE pRR SIDE WENT ON TO DO ANY THING. THE pRR WANTED THE MERGER A LOT MORE THEN THE nYC DID. al perman did every thing he could to try to get out of it
@@dknowles60 . I think I’d be more inclined to believe an accountant over the word of the government. NYC was a more regional line as opposed to the PRR which had rail lines parallel to and extending much further in every direction than NYC. Since PRR was a top tier carrier it had more rail miles than many if not all other lines. Something you didn’t take into account was during World War II the government nationalized the PRR and took over where and how they operated. As a result the government ran the equipment and the track into the ground. At the end of the war, they hoped they’d get more compensation to repair everything but as in most cases government reneges on promises they make. Since they had more track miles any revenue they made was spread over a wider area. The Pennsylvania was always a frugal business, and some would say miserly. Unfortunately, with the reduction in ridership and freight after the war it became more difficult since everyone was using cars and trucks to move around. With PRR they began selling off assets and diversifying to other companies to survive. They were surviving but barely. In their endeavors to stay profitable they looked to NYC since most of their lines often paralleled the PRR. I’ll always believe based upon what information I’ve gathered that NYC was the one that didn’t know how to run a railroad through their mismanagement. As a result of their actions it pulled the PRR into bankruptcy which caused the government to take ownership of the company. As stated previously the government ransacked the PRR pension plan which resulted in a reduction in benefits for all involved. As the son of a PRR employee I lived with the results of what happened in one way or another. My parents tried well to hide these events but when they worried about the effects of losing income, job, or pension one knows there’s a reason they went through periods of worrying about the future. So if you can find a retired accountant or a former PRR employee that’s still alive perhaps they’ll be able to confirm what I’m saying. Just remember that democrats were in the majority when this occurred. Good luck getting the truth out of democrats. They have misinformation down to a science as evidenced by Biden, Pelosi, Schumer, Schiff, Biden deserves a second mention since he was in the senate, I think, at that time.
@@kevinstonerock3158 there was no Nationalizd Of the PRR in WW2. WW1 yes how young are you the NYC had the same damage but were able to fix then self's. the NYC went to the same places as the PRR did you were there i was . hint if the Prr so good why is 60% of it gone west of Pittsburg why did John Fishwick Not want the PRR What did the Prr do with all the Stock money it got from the Sale of N&W rr stock the NYC had more traffic between NYC and Chicago and had 6 tracks and no horseshoe curve. to fight the PRR was never a top Tier Carrier 3 people from the NYC went on to become CEO's of Other Rail roads. no one from the Prr ever went on to become a CEO or a other Rail road
In the interest of saving time I’ll copy from another source and add another quote from elsewhere: The Pennsylvania Railroad (reporting mark PRR), legal name The Pennsylvania Railroad Company also known as the "Pennsy", was an American Class I railroad that was established in 1846 and headquartered in Philadelphia, Pennsylvania. It was named for the commonwealth in which it was established. By 1882, Pennsylvania Railroad had become the largest railroad (by traffic and revenue), the largest transportation enterprise, and the largest corporation in the world. Its budget was second only to the U.S. government.[1]
Another listing has the following information:
Over the years, it acquired, merged with, or owned part of at least 800 other rail lines and companies.[2] At the end of 1926, it operated 11,640.66 miles (18,733.83 kilometers) of rail line;[notes 1][3] in the 1920s, it carried nearly three times the traffic as other railroads of comparable length, such as the Union Pacific and Atchison, Topeka & Santa Fe railroads. Its only formidable rival was the New York Central (NYC), which carried around three-quarters of the Pennsy's ton-miles.
In 1968, the Pennsylvania Railroad merged with its rival New York Central Railroad and the railroad eventually went by the name of Penn Central Transportation Company, or "Penn Central" for short. The former competitors’ networks integrated poorly with each other, and the railroad filed for bankruptcy within two years.[4]: Chapter 1
Bankruptcy continued and on April 1, 1976, the railroad gave up its railroad assets, along with the assets of several other failing northeastern railroads, to a new railroad named Consolidated Rail Corporation, or Conrail for short. Conrail was itself purchased and split up in 1999 between the Norfolk Southern Railway and CSX Transportation, with Norfolk Southern getting 58 percent of the system, including nearly all of the remaining former Pennsylvania Railroad trackage. Amtrak received the electrified segment of the Main Line east of Harrisburg.
Since it had three times the freight volume, integrated into that was the agreement to share railroad lines with other carriers. That means there’s potentially three times the freight on other lines which means their rolling stock could be spread over the entire country. Admittedly I missed that their rail system was nearly the same geographic limits for service areas but since PRR moved up to three times the freight there’s going to be more mileage per car and engine than any others. Any mergers that NYC executives did has the potential to just allow the lines to be taken over for their own benefit. If I’m reading it right PRR acquired rail lines instead of merging two other lines per occurrence. We all know that New York has a tendency to create shady deals for monetary benefit. That’s why I have to question the details as reported from certain circles. Time will tell.
@@kevinstonerock3158 fed gov over see the rail road. from your own fs gov, the Prr was losing money since the end of WW2 the Man who knew the Prr best John fish wick did not want the Prr, John fish wick CEO N&W rr
Silverliner II
Silverliner III
ACMU
Gosh. What could possibly go wrong
…At least the locos with the Penn Central livery look cool…
3:39 and soon after, the worst railroad ever
I really wish I knew what song plays in the beginning
This reminds me of the promo film for Detroit made in 1964. The film made Detroit seem like a perfect city. Three years later, the riots of July 1967 showed just what bad shape Detroit was really in. Penn Central radiated optimism in 1968. Two years later, it became the largest and most hopeless bankruptcy in American history up to that time.
"The railroad of the future." Kinda.
Good stuff!