Congress passed the Regional Rail Reorganization Act of 1973 ( the " 3R Act ") to salvage viable freight operations from Penn Central and other failing rail lines in the northeast, mid-Atlantic and midwestern regions, through the creation of ConRail.

Congress passed the Regional Rail Reorganization Act of 1973 ( sometimes called the " 3R Act ") to salvage viable freight operations from the bankrupt Penn Central and other lines in the northeast, mid-Atlantic and midwestern regions, through the creation of the Consolidated Rail Corporation ( ConRail ), a government-owned corporation.

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