In 1968, the Pennsylvania Railroad merged with New York Central to form the Penn Central Transportation Company, known as "Penn Central."
However, the Pennsylvania Central Transportation Company filed for bankruptcy protection on June 21, 1970. And, in 1976 the United States Government formed the Consolidated Rail Corporation "Conrail" from the remnants of the Penn Central and other bankrupt Northeastern and Midwest railroads.
Amtrak later acquired the majority of the Northeast Corridor line. In 1986, Conrail was privatized. In 1998-1999, the United States government allowed Conrail to be split between and acquired by CSX Transportation and Norfolk Southern Railway. With CSX getting forty two percent and NS getting fifty eight percent. This included most of the former PRR lines.